S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The S&P/TSX Composite Index inched higher to trade near 37,000 on Friday following the release of GDP data. Canada’s GDP expanded at an annualized rate of 3.3% in the second quarter, the strongest pace in nearly two years, providing some buffer against economic risks from ongoing trade disputes with the US. Canada’s ambassador to Washington, Mark Wiseman, said on Thursday that Ottawa could not accept a trade deal unless it ensured the survival of a robust Canadian auto assembly and parts industry. Earlier this week, US President Trump threatened to raise tariffs on all Canadian cars, trucks, and automotive parts to 50% from January 1st, 2027, following the imposition of tariffs on a range of Canadian goods. Major banks traded higher after a largely positive batch of earnings reports, with RBC, TD Bank, Scotiabank, and CIBC, all of which beat expectations, gaining about 1% each. Tech stocks also extended gains following Nvidia’s strong results, with Shopify up more than 0.5%.
