TSX Continues to Climb Amid Trade Challenges
The TSX Composite Index rose 0.59% on Friday, growing 1.6% since Tuesday, despite trade tensions.
US President Donald Trump announced on social media,
“ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED”, but the TSX continued to climb.
Three factors contributed to the TSX's resilience: an upcoming Supreme Court case on the legality of Trump's "reciprocal" tariffs, Ontario Premier Doug Ford's advertisement featuring former President Ronald Reagan speaking against tariffs, and the potential gain for Canada if the Supreme Court rules the tariffs illegal.
The TSX's growth is driven by these factors, which indicate a positive outlook for the Canadian market.
Resilience in the face of trade uncertaintyAuthor's summary: TSX rises despite trade tensions.