TORONTO – Canada’s main stock index was down more than 150 points in early trading, while U.S. stock markets also fell and the price of oil climbed after U.S. President Donald Trump issued a dark warning to Iran.
In a social media post, Trump said a “whole civilization will die tonight” if Tehran does not meet his latest deadline for the Islamic Republic to agree to a deal that includes reopening the crucial Strait of Hormuz.
The S&P/TSX composite index was down 151.94 points at 33,030.03.
In New York, the Dow Jones industrial average was down 327.29 points at 46,342.59. The S&P 500 index was down 51.71 points at 6,560.12, while the Nasdaq composite was down 230.75 points at 21,765.59.
The Canadian dollar traded for 71.85 cents US compared with 71.86 cents US on Monday.
The May crude oil contract was up US$3.81 at US$116.22 per barrel, while the the June gold contract was down US$14.70 at US$4,670.00 an ounce.
This report by The Canadian Press was first published April 7, 2026.
— With files from The Associated Press.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
