Canada’s main stock index flatlined on Thursday, still trying to recover from the previous day’s decline caused by the US government’s announcement of auto tariffs. On Wednesday, the administration revealed a 25 per cent tariff on imported vehicles, which is set to take effect on April 3rd, following his planned announcement of reciprocal tariffs.
Last night, the President declared that these tariffs on “all cars that are not made in the United States” will be implemented starting April 2nd. He has frequently discussed imposing duties on countries that maintain their own tariffs on US imports and stated on Wednesday that his retaliatory tariffs will remain in place throughout his second term.
Meanwhile, US stocks slid as investors processed the latest tariff-related news from the President, including his new tariffs targeting foreign automakers.
| TSX | 25,161.06 | +0.00 |  |
| TSXV | 640.42 | +2.36 |  |
| CSE | 122.70 | +0.36 | |
| DJIA | 42,299.70 | -155.09 |  |
| NASDAQ | 17,804.03 | -94.98 | |
| S&P 500 | 5,712.20 | -64.45 | |
The Canadian dollar traded for 69.90 cents US compared to 69.97 cents US on Wednesday.
US crude futures traded $0.19 higher at US$69.84 a barrel, and the Brent contract rose $0.17 to US$73.96 a barrel.
The price of gold was up US$38.72 to US$ 3,056.39.
In world markets, the Nikkei was down 227.32 points to ¥37,799.97, the Hang Seng was up 95.48 points to HK$23,578.80, the FTSE down 32.54 points to ₤8,657.05, and the DAX was down 160.29 points to €22,678.74.
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(Top image generated with AI.)
