TORONTO — Canada's main stock index fell almost 400 points, led by losses in energy, technology and base metals, while U.S. markets also dropped ahead of the day U.S. President Donald Trump's sweeping tariffs on Canadian and Mexican goods are set to be put in place.
The S&P/TSX composite index closed down 391.88 points at 25,001.57.
In New York, the Dow Jones industrial average was down 649.67 points at 43,191.24. The S&P 500 index was down 104.78 points at 5,849.72, while the Nasdaq composite was down 497.09 points at 18,350.19.
The Canadian dollar traded for 69.31 cents US compared with 69.26 cents US on Friday.
The April crude oil contract was down US$1.39 at US$68.37 per barrel and the April natural gas contract was up 29 cents at US$4.12 per mmBTU.
The April gold contract was up US$52.60 at US$2,901.10 an ounce and the May copper contract was up six cents at US$4.61 a pound.
This report by The Canadian Press was first published March 3, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
