Canada’s main stock index declined on Wednesday, primarily due to losses in the technology sector. The market also faced uncertainty regarding the new US tariffs set to be implemented next week. Although the energy sector showed some gains on the TSX, the technology sector experienced the most significant drop.
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Meanwhile, US stocks fell as technology shares came under pressure. Traders are dealing with uncertainty about the tariffs, while Wall Street is on the lookout for signs of rising inflation and a potential economic slowdown. Investors are also trying to interpret the President’s mixed messages on tariffs ahead of the April 2nd start date for reciprocal tariffs.
The Canadian dollar traded for 69.97 cents US compared to 69.82 cents US on Tuesday.
US crude futures traded $0.63 higher at US$69.63 a barrel, and the Brent contract rose $0.69 to US$73.71 a barrel.
The price of gold was down US$1.67 to US$3,19.02.73.
In world markets, the Nikkei was up 246.75 points to ¥38,027.29, the Hang Seng was up 139.07 points to HK$23,483.32, the FTSE up 25.79 points to ₤8,689.59, but the DAX was down 270.76 points to €22,839.03.
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(Top image generated with AI.)