Canadian Market Up Firmly In Positive Territory

From Nasdaq: 2025-05-02 12:18:00

The Canadian market is up on Friday, with gains in industrials, financials, and technology sectors. The positive mood is due to easing U.S.-China trade tensions and higher than expected U.S. non-farm payroll growth in April. The S&P/TSX Composite Index is up 0.67% at 24,962.89. Bank of Montreal, Royal Bank of Canada, and Toronto-Dominion Bank are up on strong volumes. Canadian National Railway and Canadian Pacific Kansas City are also rising. Aritzia Inc. shares are soaring, while Magna International is down. Data from the Labor Department shows non-farm payroll employment shot up by 177,000 jobs in April.



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