TORONTO – North American markets posted more losses Thursday, reversing some of what they gained in a rally the day before, after the White House said tariffs on China are even higher than previously announced at 145 per cent.
The S&P/TSX composite index closed down 712.16 points at 23,014.87.
In New York, the Dow Jones industrial average was down 1,014.79 points at 39,593.66. The S&P 500 index was down 188.85 points at 5,268.05, while the Nasdaq composite was down 737.66 points at 16,387.31.
The Canadian dollar traded for 71.35 cents US compared with 70.67 cents US on Wednesday.
The May crude oil contract was down US$2.28 at US$60.07 per barrel and the May natural gas contract was down 26 cents US at US$3.56 per mmBTU.
The June gold contract was up US$98.10 at US$3,177.50 an ounce and the May copper contract was up 14 cents US at US$4.34 a pound.
This report by The Canadian Press was first published April 10, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
