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Trade War

TSX down, U.S. markets up after court decisions around Trump tariffs

Updated

Published

Bank towers are pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj

Canada’s main stock index fell and U.S. markets rose Thursday as investors reacted to U.S. court decisions blocking — and then temporarily reinstating — many of President Donald Trump’s tariffs.

The S&P/TSX composite index was down 72.89 points at 26,210.56.

In New York, the Dow Jones industrial average finished 117.03 points higher at 42,215.73. The S&P 500 index was up 23.62 points at 5,912.17, while the Nasdaq composite was up 74.93 points at 19,175.87.

The Canadian dollar traded 72.43 for cents US compared with 72.33 cents US on Wednesday.

The July crude oil contract was down 90 cents US at US$60.94 per barrel and the July natural gas contract was down 3.5 cents US at US$3.52 per mmBTU.

The August gold contract closed up US$21.50 at US$3,343.90 an ounce and the July copper contract was down one tenth of a cent at US$4.68 a pound.

This report by The Canadian Press was first published May 29, 2025.