Canadian and U.S. stock markets continue to be roiled by U.S. President Donald Trump’s tariff plans as they plunged for a second day Friday. Read More
Canadian and U.S. stock markets continue to be roiled by U.S. President Donald Trump’s tariff plans as they plunged for a second day Friday. The S&P/TSX composite index was down close to 1,000 points, or four per cent, in late-morning trading after also closing down four per cent Thursday. In New York, the Dow Jones
Canadian and U.S. stock markets continue to be roiled by U.S. President Donald Trump’s tariff plans that sent several prominent indexes nosediving Friday.
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The S&P/TSX composite index was down over 800 points, or more than three per cent, in early trading.
In New York, the Dow Jones industrial average dropped 2.6 per cent, while the S&P 500 and Nasdaq were down more than three per cent.
The Canadian dollar was down almost one per cent to 70.36 cents US after jumping to over 71 cents US on Thursday.
Friday’s market fallout comes on the heels of heavy losses Thursday including the TSX closing down almost four per cent, while the S&P 500 closed down 4.8 per cent and the Nasdaq lost six per cent.
Trump’s steep global tariffs have sparked retaliation, including China setting 34 per cent retaliatory tariffs, and fears that trade disruptions will hit economies worldwide.
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