The sell-off at the start of the week wiped out the past 12 months of gains, with stocks edging closer to bear market territory. Since the previous Thursday, US markets saw their steepest three-day decline since 1987 – and before that, not since World War II. Meanwhile, Canada’s TSX Composite Index (TSX) experienced its sharpest drop since the early days of the COVID-19 pandemic. This time, though, the damage was self-inflicted—and, frankly, far from fun. ☹
Tag: counter tariffs
Monthly Portfolio Update March 2025
March was a turbulent month for the markets, with both Canadian and US stocks experiencing sharp swings. The S&P 500 (S&P) and the Nasdaq Composite (Nasdaq) had their worst month since December 2022, tumbling 5.8% and 8.2%, respectively. The Dow Jones Industrial Average (DJIA) didn’t fare much better, dropping 4.2%, while the Toronto Stock Exchange Composite Index (TSX) was the best of a bad lot, falling ‘only’ 1.9%. The main culprit? President Donald Trump rolled out a wave of new tariffs, reigniting fears of a global trade war that could stifle economic growth and drive inflation higher.
Weekly Update for the week ending April 4, 2025
For the past few weeks, I’ve been talking about tariffs – what they are, how they affect consumers, and how they affect the Canadian dollar. But tariffs rarely happen in isolation. When one country imposes them, the other often fires back with its own set of retaliatory tariffs. With this week’s announcement of sweeping US tariffs on imports from almost all trading partners, it’s the perfect time to discuss the next round of the trade war: counter tariffs.