TSX Continues to Rise Amid Trade Challenges
The TSX Composite Index continued to climb, growing 0.59% on Friday and 1.6% since Tuesday, despite trade challenges.
US President Donald Trump announced on social media,
"ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED."
This reaction comes as Ontario Premier Doug Ford ran an advertisement featuring former President Ronald Reagan speaking negatively about tariffs.
Reasons for TSX Stability
- The advertisement airs days before the upcoming Supreme Court case on the legality of Trump's "reciprocal" tariffs.
- Trump accused Canada of interfering with the case, straining relations between Ottawa and Washington.
- If the Supreme Court rules reciprocal tariffs illegal, Canada stands to gain.
Author's summary: TSX rises amid trade tensions.
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