TORONTO – Stock markets in Canada and the U.S. climbed higher in late-morning trading following news that the U.S. and China have called a 90-day truce in their trade war and lowered tariffs on trade between the countries.
The S&P/TSX composite index was up 140.37 points at 25,498.11.
In New York, the Dow Jones industrial average was up 914.10 points at 42,163.48. The S&P 500 index was up 138.39 points at 5,798.30, while the Nasdaq composite was up 621.50 points at 18,550.42.
The Canadian dollar traded for 71.44 cents US compared with 71.80 cents US on Friday.
The June crude oil contract was up US$1.44 at US$62.46 per barrel and the June natural gas contract was down 18 cents US at US$3.62 per mmBTU.
The June gold contract was down US$100.80 at US$3,243.20 an ounce and the July copper contract was down three cents US at US$4.62 a pound.
This report by The Canadian Press was first published May 12, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
