The Globe and Mail reports in its Tuesday edition that Canada's main stock index pared its decline on Monday and the Canadian dollar recovered from an earlier 22-year low as investors, fearing a recession, weighed prospects of a pause in the implementation of U.S. tariffs on Canadian imports. A Reuters dispatch to The Globe says that U.S. President Donald Trump will postpone threatened tariffs on Canadian imports for at least 30 days, Prime Minister Justin Trudeau said after equity markets closed Monday. The Canadian dollar immediately responded by erasing its losses from earlier in the session, ending at 69.3 U.S. cents. "It has been an exceptionally volatile day but much of the near panic that was evident at the start of the trading day has dissipated by now," said Elvis Picardo at Luft Financial. The S&P/TSX Composite Index ended down 1.1 per cent at 25,241.76. It touched on Thursday a record closing high of 25,808.25. Nine of 10 major sectors ended lower, including a decline of 1.8 per cent for heavily weighted financials. Industrials fell 2.5 per cent, weighed by declines for railway shares and Air Canada. Auto parts makers Magna and Linamar as well as powersports vehicle maker BRP also posted large declines.