Canada’s main stock index lost ground on Tuesday as investors weighed new tariff threats from US President Donald Trump and looming deadlines for international trade agreements. On Monday, Trump issued letters to 14 countries—including Japan and South Korea—warning of steep tariff hikes on US imports, though he delayed their enforcement until August 1st. Canada, which recently scrapped its proposed digital services tax on American tech firms to keep trade negotiations on track, is aiming to finalize a deal by July 21st.
Meanwhile, US markets attempted to rebound after a downturn triggered by Trump’s latest trade measures. The president also floated the possibility of an additional 10 per cent tariff on nations that support what he described as the “Anti-American policies” of the BRICS bloc, which includes Brazil, Russia, India, and China.
| TSX | 26,903.57 | -116.71 |  |
| TSXV | 751.91 | -5.71 | |
| CSE | 123.79 | +2.90 |  |
| DJIA | 44,240.76 | -165.60 | |
| NASDAQ | 20,418.46 | +5.95 | |
| S&P 500 | 6,225.52 | -4.46 | |
The Canadian dollar traded for 73.12 cents US compared to 73.18 cents US on Monday.
US crude futures traded $0.41 higher at US$68.34 a barrel, and the Brent contract rose $0.57 to US$70.15 a barrel.
The price of gold was down US30.11 to US$3,302.66.
In world markets, the Nikkei was up 101.13 points to ¥39,688.81, the Hang Seng was up 260.24 points to HK$24,148.07, the FTSE was up 47.65 points to ₤8,854.18, and the DAX was up 133.24 points to €24,206.91.
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