Daily Market Close: Election aftermath proves rough for the TSX  |  April 30, 2025 - video Dailymotion

The Market Online brings you the news as the Canadian Markets Close.

Transcript

00:00Let's see how markets in Toronto perform today.

00:05Canada's main stock index dropped on Wednesday as investors awaited significant U.S. economic data,

00:11which marks the end of a volatile month influenced by U.S. trade policy.

00:16Back on Tuesday, U.S. President Donald Trump signed two orders to mitigate the impact of his auto tariffs.

00:22That offered credits and relief from other levies on materials,

00:26while maintaining the 25% tariffs on imported vehicles.

00:30Meanwhile, Prime Minister Mark Carney's Liberal Party, which retained power in Monday's election,

00:34has committed to boosting the economy amid the trade war through increased infrastructure spending.

00:40The TSX finished just 32 points lower by the end of the day, and the venture just lost over a point.

00:47Things were better on Wall Street, where the Dow stretched its win streak to seven days thanks to 141 jumps today,

00:53and the Nasdaq rose 26 points.

00:55The top gaining stocks in the TSX on the day were

01:03Carnalite Resources, up 40%,

01:06Ellis Nutrition raised 33%,

01:09and Flintcorp was up 25%.

01:11As for the stocks that had the biggest drop,

01:17Extro Technologies lost 25%,

01:20Bosch & Lom was down 15%,

01:22and Avalon Advanced Materials gave up 14%.

01:25That's it for this market update.

01:27Thanks again for watching.

01:28I'm Jonathan Brown, and I'll see you next time.