Stock markets in Canada and U.S. soar after Trump pauses some tariffs

<p>The New York Stock Exchange is seen in New York, Tuesday, April 8, 2025. (AP Photo/Seth Wenig)</p>

By The Canadian Press

Posted April 9, 2025 6:25 am.

Last Updated April 9, 2025 3:17 pm.

TORONTO — Stock markets in Canada and the U.S. shot up after U.S. President Donald Trump paused his “reciprocal” tariffs on most nations for 90 days, though he further raised his tax rate on Chinese imports.

The S&P/TSX composite index was up more than five per cent as markets closed, a gain of more than 1,200 points.

On Wall Street, the Dow was up almost eight per cent, while the S&P 500 gained more than nine per cent and the Nasdaq was up more than 12 per cent.

More to come.

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