What’s going on here?
The Toronto Stock Exchange (TSX) climbed 236 points, ending 0.95% higher at 25,031.51. This rise marks its monthly peak, spurred by optimism surrounding a significant meeting between Canada’s Prime Minister Mark Carney and US President Donald Trump to ease trade tensions.
What does this mean?
With Prime Minister Mark Carney heading to Washington, hopes for better Canada-US trade ties are lifting investor spirits. The TSX hit new highs, driven by sectors like Base Metals and Industrials, as anticipation builds over trade tariffs and possible new trade and security agreements. Despite upbeat employment figures, Macquarie economists worry about lasting job losses. Still, there’s optimism around developments like the USMCA auto parts tariff exemptions. But don’t bank on quick resolutions – experts say trade deals take time. Commodities reflected the market’s swings – gold prices rose as investors embraced…
