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Spreadsheet
Futures were solidly red over the weekend when Trump confirmed tariffs against Canada, Mexico and China, and markets tanked when they opened Monday morning. The TSX slid 3% at the open, rarely seen, but recovered throughout the day to close -1.14% or down almost 300 points. Only two sectors, including materials gained, while industrials, healthcare and discretionary led the many laggards.
Major movers included the Bank of Nova Scotia at -3.08%, CIBC -4.6%, Goeasy -8.34%, Air Canada -7.24% and BRP -7.86%. Investors flocked to gold, sending it US$16 higher to US$2,1815, and to Bitcoin up 4.45% to US$101,300. WTI climbed 0.5% to nearly US$73.
Wall Street also rose out of the Monday morning depths: the S&P -0.76%, the Nasdaq -1.2% and the Dow -0.28%. The most influential names were Nvidia -2.84%, Tesla -5.17% and Apple -3.39%. Meanwhile, Moderna closed -7.28% and FedEx -6.62%. The U.S. 10-year yield edged down to 4.545%. Investors on both sides of the border are bracing for more volatility indefinitely.
🏛 Bank of Nova Scotia (BNS-T) -3.08%
🏛 Canadian Imperial Bank of Commerce (CM-T) -4.6%
🏛 goeasy (GSY-T) -8.34%
🛫 Air Canada (AC-T) -7.24%
⚙ BRP INC. (DOO-T) -7.86%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4.45%
💾 NVIDIA Corporation (NVDA-Q) -2.84%
🚗 Tesla Inc (TSLA-Q) -5.17%
🍎 Apple Inc (AAPL-Q) -3.39%
💉 Moderna (MRNA-Q) -7.28%
📦 FedEx (FDX-N) -6.62%
