(Stock image generated with AI.)

Canada’s main stock index declined on Tuesday after renewed tariff threats from US President Donald Trump toward European allies over the situation with Greenland sparked a wave of global risk aversion. The mining segment was the only market to see any real growth on the TSX.

US markets also posted significant losses as President Trump escalated his remarks regarding Greenland, warning of additional tariffs against countries resisting the proposed US purchase of the Danish territory.

TSX32,750.28-340.68TSX
TSXV1,093.33+7.21TSXV
CSE182.25-3.10CSE
DJIA48,488.59-870.74DJIA
NASDAQ22,954.32-561.07NASDAQ
S&P 5006,796.86-143.15S&P 500

The Canadian dollar traded for 72.30 cents US compared to 72.10 cents US on Monday.

US crude futures traded $1.09 higher at US$60.53 a barrel, and the Brent contract rose $0.01 to US$63.95 a barrel.

The price of gold was up US$81.73 to US$4,760.26.

In world markets, the Nikkei was down 592.47 points to ¥52,991.10, the Hang Seng was down 76.39 points to HK$26,487.51, the FTSE was down 73.86 points to ₤10,121.49, and the DAX was down 255.94 points to €24,703.12.


Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

Market Open: Netflix Plunges on Guidance, Cenovus Eyes $3B Asset Sale | Jan 21

TSX falls as Netflix drops 5% on soft guidance and Cenovus considers selling Alberta assets. Gold hits record highs; natural gas surges nearly 19%.

StockTalk | Gold Report: Prospects on the road to $5K gold

Stockhouse's weekly gold report brings you top stories about mining stocks vying for a spot on your watchlist.

Military Metals outlines 800‑metre antimony soil anomaly in Nevada

Military Metals Corp. (CSE:MILI) identified an 800 metre northwest–southeast antimony soil anomaly at its Last Chance project in Nevada.