Canada’s main stock index rallied on Tuesday, rebounding from the sharp decline endured in the previous session. However, investor sentiment remains wary following recent criticisms by US President Donald Trump directed at Federal Reserve Chair Jerome Powell. In a social media post, Trump called Powell a “major loser” and insisted that the economy would decelerate unless the Fed reduced interest rates, sparking concerns about the central bank’s independence.
Following a significant selloff in the prior session, US markets also saw gains as traders sought to recover. Powell had said that he cannot be dismissed under the law and plans to fulfill his term, which concludes in May 2026.
| TSX | 24,305.98 | +297.12 |  |
| TSXV | 630.80 | -0.12 |  |
| CSE | 112.70 | +2.42 | |
| DJIA | 39,186.98 | +1,016.57 | |
| NASDAQ | 18,276.41 | +468.11 | |
| S&P 500 | 5,287.17 | +128.97 | |
The Canadian dollar traded for 72.37 cents US compared to 72.25 cents US on Monday.
US crude futures traded US$1.12 higher at US$64.20 a barrel, and the Brent contract rose US$1.04 to US$67.30 a barrel.
The price of gold was up US$66.11 to US$3,381.08.
In world markets, the Nikkei was down 59.32 points to ¥34,220.60, the Hang Seng was up 167.18 points to HK$21,562.32, the FTSE was up 52.94 points to ₤8,328.60, and the DAX was up 87.67 points to €21,293.53.
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(Top image generated with AI.)
