TORONTO – Canadian and U.S. markets continued their selloff Thursday as U.S. President Donald Trump’s tariff streak continued, taking the S&P 500 into its first correction since 2023.
The S&P/TSX composite index closed down 220.11 points at 24,203.23.
In New York, the Dow Jones industrial average was down 537.36 points at 40,813.57. The S&P 500 index was down 77.78 points at 5,521.52, while the Nasdaq composite was down 345.44 points at 17,303.01.
The Canadian dollar traded for 69.40 cents US compared with 69.49 cents US on Wednesday.
The April crude oil contract was down US$1.13 at US$66.55 per barrel and the April natural gas contract was up three cents at US$4.11 per mmBTU.
The April gold contract was up US$44.50 at US$2,991.30 an ounce and the May copper contract was up eight cents at US$4.93 a pound.
This report by The Canadian Press was first published March 13, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
