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TSX, U.S. markets jump as U.S. and China call 90-day truce in trade war
TSX, U.S. markets jump as U.S. and China call 90-day truce in trade war

Toronto Sun

time12-05-2025

  • Business
  • Toronto Sun

TSX, U.S. markets jump as U.S. and China call 90-day truce in trade war

Published May 12, 2025 • 1 minute read Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. Photo by Darren Calabrese / THE CANADIAN PRESS Canada's main stock index was up nearly 200 points in early trading after the U.S. and China called a 90-day truce in their trade war and lowered tariffs on trade between the countries. The S&P/TSX composite index was up 196.94 points at 25,554.68. In New York, the Dow Jones industrial average was up 1,026.33 points at 42,275.71. The S&P 500 index was up 143.08 points at 5,802.99 while the Nasdaq composite was up 606.25 points at 18,535.17. The Canadian dollar traded for 71.51 cents US compared with 71.80 cents US on Friday. The U.S. has agreed to drop its tariff rate on Chinese goods to 30 per cent from 145 per cent, while China has agreed to lower its rate on U.S. goods to 10 per cent from 125 per cent. The move came after U.S. and Chinese officials met in Switzerland. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Toronto Maple Leafs Editorial Cartoons Sunshine Girls Health Sunshine Girls

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