TORONTO – Stock markets in Canada and the U.S. fell in early trading and the price of oil rose to top US$110 per barrel after U.S. President Donald Trump vowed to escalate attacks on Iran.
The May crude oil contract was up US$13.01 at US$113.13 per barrel.
The S&P/TSX composite index was down 288.74 points at 32,669.21.
In New York, the Dow Jones industrial average was down 573.63 points at 45,992.11. The S&P 500 index was down 82.41 points at 6,492.91, while the Nasdaq composite was down 388.09 points at 21,452.86.
The Canadian dollar traded for 71.84 cents US compared with 72.00 cents US on Wednesday.
The June gold contract was down US$198.90 at US$4,614.20 an ounce.
This report by The Canadian Press was first published April 2, 2026.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
