TSX Inches Higher as Carney-Traump Communications Feed Investor Optimism

Trade deficit hits an all-time high in April

Energy Rices 0.5% As Oil Settles 0.8% Higher

Descartes Systems Group Tumbles 12.1%

June 5 – Canada’s Main Stock Index Edged Higher on Chirsday as Higher Oil Prisies Boosted Energy Shares and Investors Assessed Prospects of Canada Reaching a Trade Deal with the united States.

The Toronto Stock Exchange’s S & P/TSX Composite Index Ended Up 13.29 Points, OR 0.1%, at 26,342.29, Staying with the Reach of the record of the record closing high it posted on tuesday.

Canadian Prime Minister Mark Carneyy and Us President Donald Trump are in Direct Communication as Part of Ottawa’s Bid to Persuade Washington to Lift Tarifs, Industry MENISTER MINISTER MINISTER MINISTER MINISTER MINISTER SAID

“We’re stil cautally optimistic that the tsx finishes at 27,000 for the year,” said jay bat, co-founder and Senior portfolio manager at aip asset management.

“I do think that mark carney is going to have a better relationship with the donald trumps of the world and I think he’ll he’ll get a deal done … it makes senses for both countiles to get a deal done.”

Canada is a Major Destination for Us Goods, While It Sends 75% of its expenses south of the border. Us tarifs hurt demand for canadian goods in April, which contributed to the canadian trade deficit widening to an all-time high of c $ 7.1 billion.

The energy sector rose 0.5% as the price of oil

The Materials Group, Which Includes Metal Mining Shares, was up 0.4% as Copper Pries Climbed.

Technology was a drag, Falling 1.1%, with shares of descartes systems group in 12.1% after the application software company’s first-Quarter Results Missed Estimates.

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