TORONTO — Canada's main stock index and U.S. markets pared back earlier gains but still ended the day up after U.S. President Donald Trump said he would not attempt to fire the head of the Federal Reserve and U.S. Treasury Secretary Scott Bessent commented that he expects a "de-escalation" in the trade war with China.
The S&P/TSX composite index closed up 166.70 points at 24,472.68.
In New York, the Dow Jones industrial average was up 419.59 points at 39,606.57. The S&P 500 index was up 88.10 points at 5,375.86, while the Nasdaq composite was up 407.63 points at 16,708.05.
The Canadian dollar traded for 72.09 cents US compared with 72.32 cents US on Tuesday.
The June crude oil contract was down US$1.40 at US$62.27 per barrel and the June natural gas contract was up two cents US at US$3.16 per mmBTU.
The June gold contract was down US$125.30 at US$3,294.10 an ounce and the May copper contract was down four cents US at US$4.84 a pound.
This report by The Canadian Press was first published April 23, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
