Canada’s stock market reached a new high on Friday amidst optimism in U.S.-Canada trade negotiations. The S&P/TSX Composite Index closed at 27,494.35, up 0.45 percent, marking a record high. With an August 1 deadline approaching, EU, India, and South Korea are working on securing fair tariff deals with the U.S. Trump threatened Canada with tariffs, but PM Carney assured efforts for a strong economy. The U.S. imported $447 billion from Canada in 2024. Traders took profits as Trump hinted at tariffs without negotiation. The upcoming week includes key events like central bank decisions and tech giants’ earnings. Major sectors like IT and Industrials gained, while Consumer Discretionary and Energy sectors saw losses. Individual stock gainers included Lightspread Commerce Inc and Tfi International, while Maple Leaf Foods and Ces Energy Solutions Corp were among the losers.

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