Skip to Main content

15.51°^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

new-westminster-police-seize-multiple-weapons-during-sexual-exploitation-investigation

New Westminster police seize multiple weapons during sexual exploitation investigation

New Westminster police say an investigation into the alleged sexual exploitation of a youth led officers to seize multiple firearms and prohibited devices from a local residence. According to the New Westminster Police Department, the investigation began March 21 after a member of the public reported seeing an adult man behaving in what they believed was an inappropriate manner with a female youth in a public place. The witness provided police with a vehicle licence plate after the pair left the area. Officers later located the man and determined he had court-imposed conditions prohibiting him

abbotsford-police-seize-fentanyl-during-patrol-investigation-on-south-fraser-way

Abbotsford police seize fentanyl during patrol investigation on South Fraser Way

Abbotsford Police say a woman was arrested Wednesday afternoon after officers conducting proactive patrols observed suspected drug activity in the 32400 block of South Fraser Way. According to an Abbotsford Police Department release, patrol officers arrested a 48-year-old Abbotsford woman shortly before 3 p.m. on May 27 in connection with the investigation. Police said a search following the arrest resulted in the seizure of more than 100 grams of packaged drugs, including fentanyl, along with a small amount of cash. Investigators have not announced any charges as of publication time, and the

niagara-police-homicide-unit-investigating-womans-death-in-st-catharines

CanadaMay 29, 2026

Niagara police homicide unit investigating woman’s death in St. Catharines

Detectives with the Niagara Regional Police Service homicide unit are continuing to investigate the death of a 23-year-old woman in St. Catharines. According to Niagara Regional Police, uniform officers from 1 District responded to a residence near Lakeshore Road and Lake Street on Friday, May 15, after reports that two people were found without vital signs. Police said officers located 23-year-old Vidhi Kalpeshkumar Megha deceased inside the home. Investigators have not released further details about the circumstances surrounding the death. The victim’s family has been notified, police said

calgary-man-dies-after-being-struck-by-c-train-downtown

AlbertaMay 29, 2026

Calgary man dies after being struck by C-Train downtown

Calgary police say a man who was struck by a C-Train in downtown Calgary last week has died from his injuries. Police said the collision happened Thursday afternoon when a man in his 60s was walking in the downtown core and entered the path of an oncoming light-rail transit train. According to the Calgary Police Service, the man became pinned beneath the train and was taken to hospital in critical condition. Police confirmed this week that he later died. Investigators continue to examine the circumstances surrounding the collision. Police have not released the man’s identity and no further

trump-says-u-s-blockade-in-strait-of-hormuz-to-be-lifted

WorldMay 29, 2026

Trump says U.S. blockade in Strait of Hormuz to be lifted

U.S. President Donald Trump says a U.S. naval blockade affecting ship traffic through the Strait of Hormuz will be lifted, following days of disruption in one of the world’s busiest oil transit routes. In a post on Truth Social, Trump said vessels delayed in the strait “may start the process of ‘heading home,’” adding that the blockade had been “amazing and unprecedented.” According to international energy agencies, roughly 20 per cent of global crude oil shipments move through the Strait of Hormuz during peacetime. The narrow waterway along Iran’s southern coast is considere

Related News

Niagara police homicide unit investigating woman’s death in St. Catharines

Niagara police homicide unit investigating woman’s death in St. Catharines

Detectives with the Niagara Regional Police Service homicide unit are continuing to investigate the death of a 23-year-old woman in St. Catharines. According to Niagara Regional Police, uniform officers from 1 District responded to a residence near Lakeshore Road and Lake Street on Friday, May 15, after reports that two people were found without vital signs. Police said officers located 23-year-old Vidhi Kalpeshkumar Megha deceased inside the home. Investigators have not released further details about the circumstances surrounding the death. The victim’s family has been notified, police said

Canada enters technical recession after second straight quarterly GDP decline

Canada enters technical recession after second straight quarterly GDP decline

Canada’s economy contracted for a second consecutive quarter, officially placing the country in a technical recession for the first time since 2020. According to new data released Friday by Statistics Canada, real gross domestic product declined at an annualized rate of 0.1 per cent during the first quarter of 2026. The economy had already posted a 1 per cent decline in the fourth quarter of 2025. Economists generally define a technical recession as two straight quarters of negative economic growth. Statistics Canada said increased gold imports and a slowdown in the oil and gas sector during

PM Mark Carney calls for renewed Canada–U.S. partnership during New York speech

PM Mark Carney calls for renewed Canada–U.S. partnership during New York speech

Prime Minister Mark Carney called on the United States to build a renewed and stronger partnership with Canada during a speech in New York, saying both countries need deeper cooperation in key sectors amid growing global competition. Carney said Canada is now more resilient and confident than in previous years and positioned the country as a reliable partner for the United States, particularly in the energy sector. He said Canada is capable of helping meet American energy needs while supporting stability in North American supply chains. Addressing the issue of Chinese electric vehicles enterin

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital