TORONTO — Canada's main stock index was up more than 100 points, while the loonie also regained some of its strength against the U.S. dollar, following a decision by U.S. President Donald Trump to delay tariffs on Canadian goods headed to the U.S. that were set to begin today.
The S&P/TSX composite index was up 111.68 points at 25,353.44 after tumbling nearly 300 points on Monday before the tariff reprieve was announced.
The Canadian dollar traded for 69.87 cents US compared with 68.48 cents US on Monday.
In New York, the Dow Jones industrial average was up 88.95 points at 44,510.86. The S&P 500 index was up 40.61 points at 6,035.18, while the Nasdaq composite was up 230.54 points at 19,622.50.
The March crude oil contract was down 74 cents at US$72.42 per barrel and the March natural gas contract was down 11 cents at US$3.24 per mmBTU.
The April gold contract was up US$9.30 at US$2,866.40 an ounce and the March copper contract was up five cents at US$4.36 a pound.
This report by The Canadian Press was first published Feb. 4, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press
