US EditionS&P/TSX Composite Slides on Friday but Caps Off Month Near Record Highs
- On May 30, 2025, the S&P/TSX composite index slipped 35.51 points to close at 26,175.05 in New York, capping near record highs for the month.
- This decline followed ongoing concerns over Trump's tariff policies, which have dominated market sentiment and raised fears of recession and profit declines.
- A U.S. Court blocked many of Trump's tariffs on Wednesday, but they remain in place pending an appeal by the White House to the U.S. Court of International Trade.
- Statistics Canada reported a 2.2 percent annualized rise in Canadian economic output for Q1 2025, and market pricing suggests a 20 percent chance of a Bank of Canada interest rate cut.
- Despite Friday's dip and market volatility linked to trade and energy supply, the month closed with strong equity gains, as noted by Kathrin Forrest of Capital Group.
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S&P/TSX composite trades lower on Friday, U.S. markets mixed
TORONTO — Canada's main stock index closed lower on Friday along with some U.S. markets as commodities also trended down. The S&P/TSX composite index was down 35.51 points at 26,175.05. In New York, the Dow Jones industrial average was up 54.
S&P/TSX composite slides on Friday but caps off month near record highs
Canada’s main stock index on Friday continued to trim the gains that pushed it to a record closing high two days earlier, as investors retreated to defensive stocks while energy and information technology took a hit. “It’s been another roller-coaster day in markets, capping off generally strong equity index returns for the month,” said Kathrin […]
@ the Bell: TSX closes lower as trade fears resurface
Equities in Canada’s largest centre moved lower on Friday, weighed down by renewed trade tensions after US President Donald Trump accused China on social media of breaching a tariff agreement. This concern overshadowed otherwise positive news about the country’s economic growth. The telecom sector once again led gains for the TSX. Trump’s claim that China violated the initial trade deal has reignited fears of a prolonged trade war between the tw…
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