Skip to Main content

12.56°^C Vancouver

News Entertainment Sports 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

30-year-old-womans-death-in-fort-st-james-deemed-suspicious-rcmp-investigating

30-Year-Old Woman’s Death in Fort St. James Deemed Suspicious, RCMP Investigating

The B.C. RCMP’s Major Crime Unit is investigating the death of a 30-year-old woman in Fort St. James as suspicious. The woman has been identified as Dayna Monk, and investigators are appealing to the public for information that could assist with the case. According to Fort St. James RCMP, emergency health services were called to a home in the 400-block of Stuart Drive on May 31 following reports that a woman was experiencing cardiac arrest. Despite resuscitation efforts, the woman could not be saved. Initial investigations did not indicate any criminal involvement in her death. However, foll

david-eby-instructs-ndp-to-be-ready-for-the-election

David Eby Instructs NDP to Be Ready for the Election

British Columbia Premier David Eby says he has told NDP legislators to be “election ready” amid the disruption caused by the ongoing trade war with the United States. Eby said Cheryl Oates, his former acting chief of staff, will manage the NDP’s campaign for the next provincial election whenever it is called. However, he did not announce any date for the vote. The premier said he has informed both Elections B.C. and the NDP caucus that they need to be prepared for an election. His comments come as the Opposition B.C. Conservatives face internal changes, with nine members having left the

surrey-mayor-brenda-locke-slams-release-of-high-risk-offenders

Surrey Mayor Brenda Locke Slams Release of High-Risk Offenders

Surrey Mayor Brenda Locke has expressed strong concern after two high-risk offenders were released into the city within just two days. Following a public warning issued by the Surrey Police Service, Locke said violent offenders such as Jonathan Muzichka and Skyler Pelletier should not be released to live in Surrey. She said Surrey is home to more than 700,000 people and allowing high-risk offenders to repeatedly settle in the community raises serious concerns about public safety. Locke said she supports rehabilitation and reintegration of offenders, but the responsibility of managing high-risk

poilievre-calls-on-carney-to-clarify-canada-eu-talks

Poilievre Calls on Carney to Clarify Canada-EU Talks

Conservative Leader Pierre Poilievre has called on Prime Minister Mark Carney to clarify discussions surrounding Canada’s potential associate membership, special alliance or any other proposed arrangement with the European Union. Poilievre said the Conservative Party’s position is clear: it fully supports Canada’s decades-old free trade relationship and NATO alliance with Europe, but strongly opposes imposing any European taxes, laws or open-border immigration policies on Canadians. He said Canada is an independent, sovereign country and that these principles cannot be compromised. Meanw

North Island College Campus Attack Leaves Two Injured

An attack at North Island College’s Comox Valley campus in British Columbia has left two people injured. Police said they received multiple reports of an attack involving a sharp weapon inside a college residence building at around 12:53 a.m. Front-line officers who arrived at the scene found two young people injured and arrested a suspect after identifying him. Comox Valley RCMP Constable Monica Terragni said the suspect is a 21-year-old man from Burnaby who remains in custody. The two injured victims were taken to hospital and are reportedly in stable condition. Police said the motive behi

Related News

Man Who Allegedly Threatened to Kill PM Mark Carney Identified

Man Who Allegedly Threatened to Kill PM Mark Carney Identified

A 31-year-old Calgary man accused of making death threats against Prime Minister Mark Carney has been identified as Jamie Da Costa, who will remain in custody. During a court hearing, defence counsel said Da Costa was ordered to remain in custody earlier this month. As of Tuesday morning, he was being held at the Calgary Remand Centre. According to the RCMP, police were notified on July 28 that threats had been posted from a YouTube account. Court documents allege the incident occurred between July 25 and 26. In addition to the alleged death threat, Da Costa faces charges including extortion,

UK May Join Canada-Led Defence, Security and Resilience Bank

UK May Join Canada-Led Defence, Security and Resilience Bank

The United Kingdom could join Canada-led Defence, Security and Resilience Bank, with reports indicating that high-level discussions are underway between the two countries. The financial institution is designed to provide long-term, low-cost financing for defence projects in allied countries. Canada has so far brought eight countries into the institution — Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Türkiye and Ukraine, which is facing Russia’s invasion. The UK would be the first other G7 country to join the initiative. According to reports, Finance Minister François-Philippe C

Stephen Harper Praises Carney’s Trade Diversification and Energy Policies

Stephen Harper Praises Carney’s Trade Diversification and Energy Policies

Former Canadian Conservative Prime Minister Stephen Harper has praised Prime Minister Mark Carney’s efforts to diversify Canada’s trade during his closing remarks at the two-day Canada Investment Summit in Toronto. Harper supported the federal government’s decisions in the energy sector and said Canada had little choice but to step back from trade negotiations with the United States. He said reducing Canada’s dependence on the U.S. and redirecting trade toward other countries would bring challenges, but expressed confidence that Canadians would be able to manage them. Harper also prais

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital