After the very fragile post-FOMC rebound, Friday's session saw American indices (notably techs) extend their recovery, aided by more measured remarks from Donald Trump, who said “there’ll be flexibility” on reciprocal tariffs.
Canada's main stock index closed lower as escalating global trade tensions fueled risk-aversion, with strong bank earnings failing to boost market sentiment.
The S&P/TSX composite index fell 0.79% to end at 25,128.24, following three consecutive sessions of gain.
The U.S. dollar was rose 0.75% against its Canadian counterpart to C$1.4445, after touching its weakest intraday level since February 4 at 1.4442. It was the fifth straight day of declines for the currency.
