TORONTO – Canada’s main stock index was up nearly 100 points and the loonie climbed higher as U.S. media reported that Donald Trump is expected to hold off on imposing tariffs on Canadian exports to the U.S. on his first day in office.
The S&P/TSX composite index was up 94.57 points at 25,162.49 ahead of Trump’s swearing in as president.
U.S. stock markets are closed for Martin Luther King Jr. Day.
The Canadian dollar traded for 69.79 cents US compared with 69.28 cents US on Friday.
The March crude oil contract was down US$1.18 at US$76.21 per barrel and the February natural gas contract was down 14 cents at US$3.81 per mmBTU.
The February gold contract was down US$22.60 at US$2,726.10 an ounce and the March copper contract was down seven cents at US$4.30 a pound.
This report by The Canadian Press was first published Jan. 20, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
