TSX climbs for day and week, Wall Street fades

Thanks to Trump’s tariffs, Canada’s GDP fell 1.6% annualized, worse than expected, while there was a drop in foreign investment, according to the latest data. Despite this news, the TSX rose 0.46% on Friday and 0.8% for the week. Though sectors were mixed, strong gains in materials and healthcare helped offset weakness in tech and other areas. Among the big movers on Bay Street were BRP up 9.41%, Kinross Gold 3.16%, Endeavour Silver 6.19%, Celestica -8.46% and Cenovus -2.14%. In commodities, gold rose US$33 to US$3,450 while WTI sank 0.9% to US$64.

Wall Street fared worse. The indices were down Friday and for the week. For the session, the S&P closed -0.64%, the Nasdaq -1.15% and the Dow -0.2%. Over the weekend, they fell roughly 0.2%. Major movers: Autodesk 9.09%, Nvidia -3.32% after their quarterly report late Wednesday, Tesla -3.5%, Intel -2.33% and Dell -8.88%. The U.S. 10-year yield hovered around 4.23% while Bitcoin dropped 3.6% to US$107,860. The markets will be closed Monday for Labour Day. Enjoy your weekend.

🛍 BRP INC. (DOO-T) +9.41%

🥇 Kinross Gold (K-T) +3.16%

🥈 Endeavour Silver Corp. (EDR-T) +6.19%

🧬 Celestica Inc (CLS-T) -8.46%

🛢 Cenovus Energy (CVE-T) -2.14%

💾 Autodesk Inc (ADSK-Q) +9.09%

💾 NVIDIA Corporation (NVDA-Q) -3.32%

🚗 Tesla Inc (TSLA-Q) -3.5%

💾 Intel (INTC-Q) -2.33%

💻 Dell Computers (DELL-N) -8.88%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.6%