What’s going on here?
The Toronto Stock Exchange took a nosedive, dropping over 400 points, or 1.5%, on March 28, 2025, after former President Donald Trump announced new tariffs between Canada and the US.
What does this mean?
With the S&P/TSX Composite Index closing at 24,759.15, it’s clear that the anticipation of mounting trade tensions is shaking investor confidence. Base metals and information technology sectors bore the brunt of the decline, dropping by 3.7% and nearly 3% respectively. Utilities, however, managed a slight uptick of 0.2%. Trump’s tariffs specifically target US imports of Canadian automobiles, with threats looming over lumber and copper. Yet despite this aggressive stance, he offered optimistic views on future US-Canada relations. Canada’s government isn’t backing down, announcing retaliatory tariffs set to coincide with new US measures. Talks between Canadian officials and the US Secretary of Commerce are heating…
