Bet you wish it were still Sunday? Canada’s main stock index acted like it was, seeing little change as gains in mining shares driven by safe-haven demand were offset by losses in tech, industrial, and financials stocks.
US markets sunk after President Donald Trump announced he would raise global tariffs to 15% in response to the Supreme Court striking down his “reciprocal” tariff policy. The announcement followed Trump’s statement on Saturday that he would boost the global tariff rate to 15 per cent, up from the 10 per cent he had mentioned the day before. He said the increase would take effect immediately, though it remained unclear whether any formal documents had been signed to set the timing. Trump also indicated that more tariff hikes were planned in the coming months. Following the court’s ruling, he warned that countries attempting to “play games” could face even higher duties.
| TSX | 33,776.50 | -41.01 |  |
| TSXV | 1,051.02 | +8.46 |  |
| CSE | 166.47 | +0.37 | |
| DJIA | 48,804.06 | -821.91 | |
| NASDAQ | 22,627.27 | -258.80 | |
| S&P 500 | 6,837.75 | -71.76 | |
The Canadian dollar traded for 72.99 cents US compared to 73.09 cents US on Friday.
US crude futures traded $0.05 lower at US$66.43 a barrel, and the Brent contract lost $0.17 to US$71.59 a barrel.
The price of gold was up US$129.80 to US$5,236.48.
In world markets, the Nikkei remained at ¥56,825.70, the Hang Seng was up 668.56 points to HK$27,081.91, the FTSE was up 2.15 points to ₤10,684.74, and the DAX was 268.72 points to €24,991.97.
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