TORONTO — Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.
TORONTO — Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.-Canada trade war took further hold, with the TSX losing almost 400 points, while the blue-chip Dow was down almost 900 points and the Nasdaq was four per cent lower.
“Today is a big, big down day by any measure,” said Michael Currie, senior investment adviser at TD Wealth.
The S&P/TSX composite index closed down 378.05 points at 24,380.71, recovering some ground after dipping by more than 500 points earlier in the day.
The slide wasn’t a broad-based one, however. Base metals, tech, financials and industrials led the way down while telecom and utilities stocks rose.
In New York, the Dow Jones industrial average was down 890.01 points at 41,911.71, or more than two per cent. The S&P 500 index was down 155.64 points…
