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Daily Market Close: Canada weighs tariff response as markets rebound | June 5, 2025
Stockhouse
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6/5/2025
The Market Online brings you the news as the Canadian Markets Close.
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News
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00:00
Let's see how markets in Toronto fared today.
00:07
Canada's top stock index saw a modest gain on Thursday as U.S. tariffs on steel and aluminum took effect,
00:13
prompting Canada to consider retaliation if negotiations fail.
00:17
Meanwhile, U.S. markets lost ground despite a strong tech performance in earnings
00:22
as concerns remain over the impact of ongoing trade tensions.
00:27
The TSX rose marginally higher by the end of the day while the venture lost some weight.
00:32
On Wall Street, the Dow saw a drop as did the NASDAQ closing lower.
00:41
The highest gain in TSX stocks of the day was Talon Metals up 39.5%,
00:48
Silver Elephant Mining and St. Augustine Gold and Copper were both up 15%.
00:57
The stocks seeing the steepest drop were Vertical Studios and Aberdeen International both losing
01:03
25% while Flintcorp fell 16%.
01:06
That's it for this market update.
01:09
I'm Jonathan Brown and I'll see you next time.
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