TORONTO — Canada's main stock index fell almost 300 points Thursday, while U.S. stock markets were also down, as the uncertainty around U.S. tariffs on goods from Canada and Mexico mounted.
The S&P/TSX composite index closed down 286.78 points at 24,584.04 as U.S. President Trump paused tariffs on goods compliant with the Canada-U.S.-Mexico Agreement.
In New York, the Dow Jones industrial average was down 427.51 points at 42,579.08. The S&P 500 index was down 104.11 points at 5,738.52, while the Nasdaq composite was down 483.48 points at 18,069.26.
The Canadian dollar traded for 69.89 cents US compared with 69.59 cents US on Wednesday.
The April crude oil contract was up five cents at US$66.36 per barrel and the April natural gas contract was down 15 cents at US$4.30 per mmBTU.
The April gold contract was up 60 cents at US$2,926.60 an ounce and the May copper contract was up two cents at US4.81 a pound.
This report by The Canadian Press was first published March 6, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
