Daily Market Close: TSX inches up as commodity stocks offset trade tensions  |  June 2, 2025 - video Dailymotion

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

Transcript

00:00How did markets in Toronto start the week? Let's find out.

00:07Canada's main stock index made modest gains on Monday, supported by strength in commodity-related

00:12stocks, even as concerns over tariffs continued to weigh on investor sentiment.

00:16On Friday, US President Donald Trump announced plans to double tariffs on imported steel and

00:21aluminum, from 25% to 50% starting Wednesday. These new measures build on the initial tariffs

00:28he introduced after taking office in January, intensifying the ongoing global trade conflict.

00:33The TSX finished up over 200 points, while the venture rose 13. On Wall Street, the Dow

00:39added over 30 points, and the Nasdaq gained almost 130.

00:48The highest-gaining TSX stocks of the day included Copernico Metals, up 37%, followed by Vertical

00:54Studios and Appley Therapeutics, both up 33%, trading at $0.02.

01:04The stocks seeing the steepest drop were Algoma Steel Group, down 29% thanks to Donald's

01:09tariff tirade, followed by both Exro Technologies and Else Nutrition, who each lost 25%, trading

01:16at a penny. The latter reported today a 14% drop in revenue.

01:20That's enough for this market update. I'm Jonathan Brown, and I'll see you next time!