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MID-DAY: Trump offers tariff lifeline to Canada with a catch; TSX and Dow bounce back

James Bowler
By James Bowler

Trump’s willingness to exempt Canada from tariffs on steel and aluminum is bringing some life back to Bay Street. The TSX has bounced back from a morning fall up 139 points to 15,524.

On Wall Street the Dow is also creeping back up 187 points to 24,725. However, Trump’s willingness to co-operate comes with a catch, he wants Canada and Mexico to sign a NAFTA deal that is fair to the US. The latest round of NAFTA talks in Mexico wraps up today.

Gold, which has acted as a lifeline for many worried investors has dropped slightly to 1,321.

Oil is up to 62.67 a barrel on the news that crude production may be pulled back.

The Loonie has hit rock bottom this year moving near an eight-month low at 77 cents US.

James Bowler
James Bowler

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