The Toronto Stock Exchange is down 870 points, after gaining over 1200 points on Wednesday.
Energy, technology and miners are the biggest decliners.
Although U.S. President Donald Trump paused most of his “reciprocal” tariffs on Wednesday, his other massive import taxes continue to inflict significant damage on global trade.
The fluctuating trend in overall trading is being reflected in commodity prices. Oil prices turned sharply lower early on Thursday following a day-prior rise of nearly 5% after Trump partially backed off his blanket tariff threats, but hiked levies on China as the world’s two largest economies descend into a trade war. Natural gas prices fell ahead of fresh inventory data as mild spring weather cuts into demand.
But gold traded higher.
BMO Economics in its morning note, noted Trump announced a 90-day pause on reciprocal tariffs on Wednesday, sending equities rallying sharply. Tariffs on China will remain (and…
