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Market Open: Markets Bomb as Retaliatory Tariffs From China Hit | Friday, April 4, 2025

Economy, Market News, Market Summary
04 April 2025 10:00 (EST)
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All eyes are on tariff reactions after yesterdays announcement from President Donald Trump causing escalating recession fears and markets to fall this morning

Market Numbers (Futures)

TSX : Down (3.1%) 23,678.70
TSXV: Up (2.67%) 614.28
DOW:  Down (2.74%)  41,329.00
NASDAQ: Down (3.72%) 19,022.75
FTSE: Down (3.70%) 8,161.00

In the Headlines

Global markets tumbled Friday as Trump’s surprise “Liberation Day” tariffs rattled investors and sparked the sharpest wave of selling since the pandemic-era chaos of 2020. Wall Street shivered, dragging everything from oil to Big Tech into the red—along with the dollar. Even gold, fresh off record highs, wasn’t immune, slipping as safe-haven bets evaporated. Economists warn the tariff salvo could brew a dangerous cocktail of slowing growth and stubborn inflation.

Currencies Update: (Futures)

Currency futures show a rocky start for the Canadian dollar.  Deleting 0.68% to $.6996 U.S.,  slipping 0.79% to $0.6315 against the  Euro and Bitcoin adds 0.37%% to $117,590.27

Commodities: (Futures)

Natural Gas: Down (0.66%), 4.033
WTI:  Down (12.91%), 62.326
Gold: Down (1.42%), 3,089.776
Copper:  Down (4.16%) 5.735

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