(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.


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