TORONTO — Markets in the United States and Canada rallied on news of a 90-day truce in the U.S.-China trade war.
The S&P/TSX composite index was up 174.44 points at 25,532.18.
In New York, the Dow Jones industrial average was up 1,160.72 points at 42,410.10. The S&P 500 index was up 184.28 points at 5,844.19, while the Nasdaq composite was up 779.43 points, or 4.4 per cent, at 18,708.34.
The Canadian dollar closed at 71.44 cents US compared with 71.80 cents US on Friday.
The June crude oil contract was up 93 cents U.S. at US$61.95 per barrel and the June natural gas contract was down 15 cents US at US$3.65 per mmBTU.
The June gold contract was down US$116 at US$3,228 an ounce and the July copper contract was down three US at US$4.62 a pound.
This report by The Canadian Press was first published on May 12, 2025.
Companies in this story: (TSX: GSPTSE, TSX: CADUSD)
The Canadian Press
