The Globe and Mail reports in its Friday edition that Canada's main stock index edged higher on Thursday as higher oil prices boosted energy shares and investors assessed the prospects of Canada reaching a trade deal with the United States. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 13.29 points at 26,342.29. Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa's bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said. "We're still cautiously optimistic that the TSX finishes at 27,000 for the year," said Jay Bala, 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 get a deal done." Meanwhile, Wall Street's stock indexes ended lower in choppy trading as a slump in Tesla shares offset news of progress in the tariff talks between Mr. Trump and Chinese leader Xi Jinping. Shares of Tesla dropped more than 14 per cent in heavy trading as the public feud between the electric car maker's Elon Musk and Mr. Trump intensified. The stock has fallen four out of the last five sessions.
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