12:29:52 EDT Thu 16 Oct 2025
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Globe/wire say TSX recovers after Trump goes TACO again

2025-10-15 09:03 ET - In the News

The Globe and Mail reports in its Wednesday edition that Wall Street ended mixed on Tuesday as investors digested mostly positive quarterly results from big U.S. banks, comments from Federal Reserve chair Jerome Powell and the continuing U.S.-China trade war. A Reuters dispatch to The Globe says Canada's stock market ended with big gains, playing catch-up to the rebound rally in the U.S. on Thanksgiving Monday. U.S. indexes bounced between gains and losses, with the S&P 500 moving lower late in the session after President Donald Trump said Washington was considering terminating some trade ties with China, including in relation to cooking oil. That came after the two countries began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil. Global equities were shaken on Friday after Mr. Trump threatened 100-per-cent tariffs on Chinese goods after Beijing imposed controls on the export of rare earth minerals, although he softened his tone over the weekend. "The market is really struggling with where this shakes out," said Ross Mayfield at Baird. On Tuesday, the S&P/TSX Composite Index ended up 1.68 per cent, more than erasing Friday's 1.38-per-cent slide.

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