TORONTO — Stock markets in Canada and the U.S. plunged Thursday as investors reacted to the latest tariffs from U.S. President Donald Trump. The S&P/TSX composite index closed down 971.41 points or 3.8 per cent at 24,335.
TORONTO — Stock markets in Canada and the U.S. plunged Thursday as investors reacted to the latest tariffs from U.S. President Donald Trump. The S&P/TSX composite index closed down 971.41 points or 3.8 per cent at 24,335.
TORONTO — Stock markets in Canada and the U.S. plunged Thursday as investors reacted to the latest tariffs from U.S. President Donald Trump.
The S&P/TSX composite index closed down 971.41 points or 3.8 per cent at 24,335.77 as markets worried the latest round of U.S. tariffs could sink the global economy into a recession.
In New York, the Dow Jones industrial average was down 1,679.39 points or 4 per cent at 40,545.93. The S&P 500 index was down 274.45 points or 4.8 per cent at 5,396.52, while the Nasdaq composite was down 1,050.44 points or 6 per cent at 16,550.61.
The Canadian dollar traded for 70.98 cents US, according to XE.com, compared with 69.83 cents US on Wednesday.
The May crude oil contract was down US$4.76 at US$66.95 per barrel and the May natural gas contract was up nine cents US at US$4.14 per mmBTU.
The June gold contract was down US$44.50 at US$3,121.70 an ounce and the May copper contract was down 21 cents US at US$4.83 a pound.
This report by The Canadian Press was first published April 3, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Rosa Saba, The Canadian Press