TORONTO — News of relaxed U.S. tariffs on smartphones and other electronics helped propel gains on Canadian and U.S. stock markets after last week’s dizzying ups and downs. The S&P/TSX composite index closed up 278.73 points to 23,866.
TORONTO — News of relaxed U.S. tariffs on smartphones and other electronics helped propel gains on Canadian and U.S. stock markets after last week’s dizzying ups and downs.
The S&P/TSX composite index closed up 278.73 points to 23,866.53 with telecom and base metals subsectors leading the way.
In New York, the Dow Jones industrial average was up 312.08 points at 40,524.79. The S&P 500 index was up 42.61 points at 5,405.97, while the Nasdaq composite was up 107.03 points at 16,831.48.
The Canadian dollar traded for 72.04 cents US compared with 71.99 cents US on Friday.
The May crude oil contract settled up three cents US to US$61.53 per barrel and the May natural gas contract was down 20 cents US at US$3.33 per mmBTU.
The June gold contract was down US$18.30 at US$3,226.30 an ounce and the May copper contract was up 10 cents US at US$4.63 a pound.
This report by The Canadian Press was first published April 14, 2025.
Companies in this story: (TSX: GSPTSE, TSX: CADUSD)
The Canadian Press
