Skip to Main content

6.53°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Apr 4, 2025 7:21 PM - Connect Newsroom

Stock Markets Plunge Amid Trump's Tariffs; Oil and Gold Prices Drop

Share On

stock-markets-plunge-amid-trumps-tariffs-oil-and-gold-prices-drop

At the same time, the leading index of the American stock market, the Dow Jones, fell by more than 1,900 points during trading today.(Photo: The Canadian Press)

The Canadian and American stock markets have experienced a sharp decline for the second consecutive day due to President Trump's tariffs. The S&P/TSX Composite Index of the Toronto Stock Exchange fell by more than 1,000 points, or 4.16 percent. On Thursday, the Canadian market closed down 3.8 percent, marking the largest drop since June 2020 during the COVID-19 period.

At the same time, the leading index of the American stock market, the Dow Jones, fell by more than 1,900 points during trading today. However, some recovery was seen later from this low point. Meanwhile, crude oil prices dropped to their lowest levels since 2021.

Spot gold prices in the US also fell 1.9 percent to $3,053 per ounce amid the stock market sell-off. On Thursday, it had reached a record high of $3,167. Analysts believe that investors sold some of their gold reserves to cover losses from the stock market declines.

Latest news

public-dialogue-on-memory-identity-and-institutions-convened-on-international-human-rights-day

British ColumbiaDec 12, 2025

Public Dialogue on Memory, Identity, and Institutions Convened on International Human Rights Day

On International Human Rights Day, 10 December 2025, Wanjara Nomad Collections, with participation from the Guru Nanak Jahaz Heritage Society, hosted a three-hour public dialogue titled “Let’s Talk” in Surrey, British Columbia. The program examined questions of memory, identity, and institutional responsibility within Sikh Canadian public life. Wanjara Nomad Collections organized the dialogue and brought together elders, representatives of gurdwara societies, human rights advocates, scholars, artists, and members of the public. The gathering functioned as a dialogue-based forum that emph

threat-prompts-brief-lockdown-at-nanaimo-high-school

Threat prompts brief lockdown at Nanaimo high school

A Nanaimo high school was placed under a precautionary lockdown Wednesday afternoon after school staff were alerted to a threat directed at a student. The incident at Nanaimo District Secondary School began around 2:30 p.m., prompting administrators to activate established safety procedures. Nanaimo RCMP officers responded immediately and remained on site while classrooms were secured. Police and school officials said the lockdown lasted roughly 30 minutes, and students and staff were released shortly after 3 p.m. once officers determined there was no ongoing risk. The district says students w

vancouver-police-seize-loaded-rifle-and-drugs-during-downtown-eastside-arrest

Vancouver Police seize loaded rifle and drugs during Downtown Eastside arrest

Vancouver Police say a loaded rifle and several other weapons were taken off the street this week after officers arrested a man suspected of trafficking drugs in the Downtown Eastside. The incident took place Tuesday afternoon near East Hastings and Columbia Street, an area where frontline police and community workers have long raised concerns about violence linked to the drug trade. According to the Vancouver Police Department, members of the Beat Enforcement Team were on routine patrol around 2:35 p.m. on December 9 when they arrested a 32-year-old Surrey resident outside a residential build

donald-trump-unveils-new-gold-card-immigration-program

WorldDec 11, 2025

Donald Trump unveils new ‘Gold Card’ immigration program

Former United States president Donald Trump announced on Thursday the launch of a new immigration initiative he calls the Gold Card, opening the application process for the program. Under the plan, individuals can apply for the Gold Card at a fee of US$1 million, while companies wishing to secure a card for executives or employees would pay US$2 million. Trump’s campaign says cardholders would receive a U.S. passport, full voting rights and the same benefits enjoyed by other American citizens. Trump framed the Gold Card as part of his broader “America First” policy agenda, asserting the

flooding-prompts-wider-evacuations-and-highway-closures-across-southern-b-c

Flooding prompts wider evacuations and highway closures across southern B.C.

Communities across southern British Columbia are facing new evacuation orders and travel disruptions after heavy rainfall triggered flooding and landslides that severed key routes between the Lower Mainland and the Interior. Provincial officials say multiple highways, including the Coquihalla and Highways 1, 3, 5 and 11, remain shut as crews assess washouts and unstable slopes. The closure of Highway 11 has also halted access to the Sumas border crossing. In Abbotsford, 371 properties on the Sumas Prairie were ordered evacuated overnight as waters linked to the overflowing Nooksack River conti

Related News

CRA plans major hiring push to boost call centre capacity ahead of tax season

CRA plans major hiring push to boost call centre capacity ahead of tax season

The Canada Revenue Agency says it plans to bring on roughly 1,700 additional call centre staff in the coming months as it prepares for a surge in taxpayer inquiries during the upcoming filing season. Agency officials say the goal is to expand the workforce to about 4,500 agents, citing internal forecasts that anticipate heavy call volumes. Melanie Serjak, an assistant commissioner with the CRA, told reporters that it is routine for the agency to scale up its operations for tax season, when daily call volumes can exceed 300,000. She said last year’s peak staffing level reached about 3,300 age

House of Commons prepares to adjourn for six-week winter break as key bills remain unfinished

House of Commons prepares to adjourn for six-week winter break as key bills remain unfinished

Members of Parliament are expected to wrap up the fall sitting as early as Thursday, ending the session ahead of the scheduled Friday adjournment and beginning a six-week winter break. MPs are due to return to the House on January 26, leaving several major pieces of government legislation still awaiting final approval. Government House Leader Steven MacKinnon said the minority Liberal government considers the fall session productive, noting progress on budget and public-safety bills that have not yet cleared Parliament. This sitting was the first full session under Prime Minister Mark Carney,

Quebec anticorruption unit opens criminal probe into provincial Liberal Party

Quebec anticorruption unit opens criminal probe into provincial Liberal Party

Quebec’s anticorruption police force has launched a criminal investigation into the provincial Liberal Party, adding to a period of internal turmoil for the long-standing political organization. A spokesperson for the force confirmed the probe today but declined to provide details, citing the active nature of the case. The confirmation follows disclosures last month that investigators were reviewing allegations of wrongdoing to determine whether a formal investigation was warranted. The decision to proceed suggests authorities found sufficient grounds to examine the matter further. The Liber

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital