Canada’s main stock index experienced a downturn on Monday, ending its recent streak of gains due to declines in energy shares. Renewed criticism from US President Donald Trump towards Federal Reserve Chair Jerome Powell also raised concerns about the central bank’s independence, intensifying risk-off sentiment.
China accused the United States of misusing tariffs and issued a warning to other countries. This followed reports that President Trump’s administration was pressuring nations to limit trade with China, the world’s second-largest economy. The Canadian stock market also mirrored Wall Street’s movements, where index futures fell after Trump’s harsh remarks about Fed Chair Powell sparked worries regarding the central bank’s autonomy. US stocks also declined as traders saw little progress in global trade negotiations.
| TSX | 24,008.86 | -183.95 |  |
| TSXV | 630.92 | -2.91 | |
| CSE | 110.28 | -3.21 | |
| DJIA | 38,170.41 | -971.82 | |
| NASDAQ | 17,808.30 | -449.79 | |
| S&P 500 | 5,158.19 | -124.51 | |
The Canadian dollar traded for 72.25 cents US compared to 72.23 cents US on Thursday.
US crude futures traded US$1.21 lower at US$63.47 a barrel, and the Brent contract lost US$1.37 to US$66.59 a barrel.
The price of gold was up US$109.53 to US$3,424.66.
In world markets, the Nikkei was down 450.36 points to ¥34,279.92, the Hang Seng remained at HK$21,395.14, the FTSE was up 0.06 point to ₤8,275.66, and the DAX was down 105.16 points to €21,205.86.
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(Top image generated with AI.)
