.jpg)
3 hours ago
1
Article content
TORONTO — Canada’s main stock index was down more than 200 points Monday in a broad-based decline, while U.S. stock markets also fell in late-morning trading amid concerns over President Donald Trump’s latest criticism of the central bank.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
The S&P/TSX composite index was down 228.99 points at 23,963.82.
Article content
In New York, the Dow Jones industrial average was down 1,007.39 points at 38,134.84. The S&P 500 index was down 135.34 points at 5,147.36, while the Nasdaq composite was down 465.12 points at 15,821.33.
Article content
Article content
Markets have had a rough couple of weeks as Trump ramped up his aggressive tariffs on countries around the world, strengthening concerns that the duties will lead to inflation and slowing economic growth.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
In particular, the country’s trade war with China has quickly accelerated, with China on Monday warning other countries against making trade deals with the U.S.
Article content
Trump has also been critical of U.S. Federal Reserve chairman Jerome Powell, including comments last week about the central bank not cutting interest rates sooner to help the economy.
Article content
The Fed has been cautious in lowering its key rate as the fight against inflation winds down.
Article content
Trump went after Powell again on Monday, calling him “a major loser” and “Mr. Too Late,” advocating again for lower rates.
Article content
The Canadian dollar traded for 72.41 cents US compared with 72.17 cents US on Thursday.
Article content
The June crude oil contract was down US$1.79 at US$62.22 per barrel and the May natural gas contract was down 16 cents US US$3.09 per mmBTU.
Article content
The June gold contract was up US$96.40 at US$3,424.80 an ounce and the May copper contract was down less than a penny US at US$4.74 a pound.
Article content
— With files from The Associated Press
Article content
This report by The Canadian Press was first published April 21, 2025.
Article content
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Article content
English (US)