Skip to Main content

7.37°^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

CanadaFeb 20, 2026

United States defeats Canada 2-1 in overtime to win gold in women’s hockey at Winter Olympics

The United States captured the gold medal in women’s hockey at the 2026 Winter Olympics on Friday, edging Canada 2-1 in a tightly contested final that extended into overtime. Canada opened the scoring early in the second period when Kristin O’Neill capitalized on a shorthanded breakaway, giving her team a 1-0 lead. The advantage held for much of the game as both sides traded chances in a fast-paced and physical matchup that reflected the long-standing Olympic rivalry between the two programs. With less than two minutes remaining in regulation time, veteran forward Hilary Knight tied the ga

b-c-commits-50-million-to-expand-nasal-naloxone-access-amid-ongoing-overdose-crisis

B.C. commits $50 million to expand nasal naloxone access amid ongoing overdose crisis

The British Columbia government says it will invest $50 million over the next two years to increase access to nasal naloxone kits as part of its response to the province’s ongoing overdose emergency. Health Minister Josie Osborne said the funding will allow nasal naloxone to account for roughly half of the more than 400,000 take home naloxone kits distributed each year in B.C. The province first declared the toxic drug crisis a public health emergency in April 2016, and officials say it continues to have widespread impacts on families and communities. According to the Health Ministry, inject

trump-sets-10-day-deadline-for-iran-nuclear-deal-after-second-round-of-talks

WorldFeb 19, 2026

Trump sets 10 day deadline for Iran nuclear deal after second round of talks

The second round of negotiations between the United States and Iran over Tehran’s nuclear program has concluded, with U.S. President Donald Trump warning that Iran has 10 days to reach an agreement or face possible military consequences. Speaking after the talks, Trump said Washington expects a clear commitment from Tehran to curb its nuclear activities. He cautioned that failure to reach a deal within the set timeframe could result in military action, escalating tensions in an already volatile region. Meanwhile, Iran’s Foreign Minister Abbas Araghchi described the discussions held in Gene

AlbertaFeb 19, 2026

Calgary man charged in 2024 extortion case involving threats against woman

A 37-year-old Calgary man is facing multiple extortion charges following an investigation into a series of threats reported by a woman in the city’s northeast. The investigation began in September 2025 when the woman contacted police to report repeated attempts throughout 2024 to force her to hand over money and valuables. According to police, the incidents occurred between August and October 2024, during which the suspects allegedly demanded payment and threatened violence if she refused. Authorities say the individuals involved were known to the victim. In December 2025, investigators laun

canada-falls-to-afghanistan-by-82-runs-in-final-league-match-of-icc-mens-t20-world-cup

CanadaFeb 19, 2026

Canada falls to Afghanistan by 82 runs in final league match of ICC Men’s T20 World Cup

Canada’s campaign at the ICC Men’s T20 World Cup ended with an 82 run defeat against Afghanistan in their final league stage match in Chennai. Chasing a challenging target of 201, the Canadian side struggled to build partnerships and finished on 118 for eight in 20 overs. Afghanistan set the tone after opting to bat, posting 200 for four in their allotted overs. Ibrahim Zadran, who was named player of the match, anchored the innings with an unbeaten 95 off 56 balls, including seven fours and five sixes. It marked the highest individual score by an Afghan batter in this edition of the tourn

Related News

United States defeats Canada 2-1 in overtime to win gold in women’s hockey at Winter Olympics

United States defeats Canada 2-1 in overtime to win gold in women’s hockey at Winter Olympics

The United States captured the gold medal in women’s hockey at the 2026 Winter Olympics on Friday, edging Canada 2-1 in a tightly contested final that extended into overtime. Canada opened the scoring early in the second period when Kristin O’Neill capitalized on a shorthanded breakaway, giving her team a 1-0 lead. The advantage held for much of the game as both sides traded chances in a fast-paced and physical matchup that reflected the long-standing Olympic rivalry between the two programs. With less than two minutes remaining in regulation time, veteran forward Hilary Knight tied the ga

Canada falls to Afghanistan by 82 runs in final league match of ICC Men’s T20 World Cup

Canada falls to Afghanistan by 82 runs in final league match of ICC Men’s T20 World Cup

Canada’s campaign at the ICC Men’s T20 World Cup ended with an 82 run defeat against Afghanistan in their final league stage match in Chennai. Chasing a challenging target of 201, the Canadian side struggled to build partnerships and finished on 118 for eight in 20 overs. Afghanistan set the tone after opting to bat, posting 200 for four in their allotted overs. Ibrahim Zadran, who was named player of the match, anchored the innings with an unbeaten 95 off 56 balls, including seven fours and five sixes. It marked the highest individual score by an Afghan batter in this edition of the tourn

LeBlanc to meet U.S. trade representative ahead of CUSMA review

LeBlanc to meet U.S. trade representative ahead of CUSMA review

Canada’s minister responsible for Canada–U.S. trade says he plans to meet with the United States trade representative in the coming weeks as both countries prepare for the scheduled review of the Canada–United States–Mexico Agreement. Dominic LeBlanc said he recently spoke by phone with Jamieson Greer following public remarks from Washington suggesting that Canadian trade barriers have complicated bilateral discussions. The talks come as the United States signals it may seek changes to the trilateral pact. The trade agreement, commonly known as Canada–United States–Mexico Agreement

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital