The Globe and Mail reports in its Tuesday edition that Canada's main stock index closed down on Monday with the market largely shrugging off the abrupt resignation of Finance Minister Chrystia Freeland. A Reuters dispatch to The Globe says that Wall Street fared better, with Nasdaq closing at a record high as investors awaited the Federal Reserve's rate decision later this week. Ms. Freeland quit just hours before she was due to present a fall economic update to Parliament, a document that showed the Liberal government had run up a much larger 2023-24 budget deficit than planned. "Her reference to 'costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment' isn't giving investors confidence in the government's response to proposed 25-per-cent tariffs from the Trump administration," said Graham Priest at BlueShore Financial. "Investors don't have strong confidence in the current government." The S&P/TSX Composite Index closed down 127.09 points at 25,147.21. Dragging energy stocks lower, oil prices dropped about 0.5 per cent, pressured by weaker-than-expected consumer spending in China. Gold prices, however, gained against a softer U.S. dollar.