Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump’s tariffs stir recession fears among investors.
The S&P/TSX composite index closed down 1,142.30 points at 23,193.47.
In New York, the Dow Jones industrial average was down 2,231.07 points at 38,314.86. The S&P 500 was down 322.44 points at 5,074.08, while the Nasdaq was down 962.82 points at 15,587.79.
The Canadian dollar fell to 70.34 cents US after jumping to over 71 cents US on Thursday.
The May crude oil contract was down US$4.96 at US$61.99 per barrel and the May natural gas contract was down 30 cents US at US$3.84 per mmBTU.
The June gold contract was down US$86.30 at US$3,035.40 an ounce and the May copper contract was down 43 cents US at US$4.40 a pound.
This report by The Canadian Press was first published April 4, 2025.
