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Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
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Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
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Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Canadian stocks closed slightly higher on Friday, with the S&P/TSX Composite Index edging up 0.01% to reach a new all-time high. Gains in the REITs, Real Estate, and Consumer Staples sectors helped propel the market forward.
H&R Real Estate Investment Trust (TSX:HR_u) was the top performer, surging 17.22% to close at C$12.46—its highest level in a year. Allied Properties REIT (TSX:AP_u) climbed 3.81% to C$17.97, while Boardwalk REIT (TSX:BEI_u) rose 2.72% to end at C$70.95.
On the downside, Ngex Minerals Ltd (TSX:NGEX) dropped 4.36% to C$15.35. Ivanhoe Mines Ltd. (TSX:IVN) slipped 1.51% to C$10.42, and TransAlta Corp (TSX:TA) declined 1.49% to C$14.50.
Market breadth was positive, with 511 stocks advancing, 320 declining, and 101 remaining unchanged on the Toronto Stock Exchange. The S&P/TSX 60 VIX, a key volatility gauge, jumped 10.94% to 9.53, signaling a slight uptick in market uncertainty.
In commodities, gold futures for August delivery inched up 0.11% to US$3,346.50 per troy ounce. Crude oil for August fell 0.76% to US$66.49 per barrel, while Brent oil for September dipped 0.42% to US$68.51.
Currency markets were stable, with CAD/USD unchanged at 0.74 and CAD/EUR holding at 0.62. The US Dollar Index Futures slipped 0.18% to 96.65, reflecting mild weakness in the greenback.
Investor sentiment remained optimistic despite minor pullbacks in energy and mining stocks, as REITs continued to demonstrate resilience amid broader economic uncertainty.
