S&P/TSX composite opens 250 points lower, U.S. stocks also down to start week
Written by The Canadian Press on March 10, 2025
TORONTO — Canada’s main stock index opened the week down more than 250 points as trade fears continue to linger amid U.S. President Donald Trump’s tariff threats, while U.S. stock markets were also lower.
The S&P/TSX composite index was down 274.85 points at 24,483.91 in morning trading on Monday.
In New York, the Dow Jones industrial average was down 321.55 points at 42,480.17. The S&P 500 index was down 74.61 points at 5,695.59, while the Nasdaq composite was down 370.71 points at 17,825.51.
The Canadian dollar traded for 69.36 cents US compared with 69.58 cents US on Friday.
The April crude oil contract was down six cents at US$66.98 per barrel and the April natural gas contract was up 10 cents at US$4.50 per mmBTU.
The April gold contract was down US$7.90 at US$2,906.20 an ounce and the May copper contract was down two cents at US$4.69 a pound.
This report by The Canadian Press was first published March 10, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press