13:49:54 EST Tue 24 Feb 2026
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Globe/wire say TSX steady with gold; the U.S. has Trump

2026-02-24 09:18 ET - In the News

The Globe and Mail reports in its Tuesday edition that Wall Street stocks tumbled on Monday, as continuing fears of artificial-intelligence-related disruption and the fallout from Friday's Supreme Court ruling sent investors fleeing from high-risk equities. A Reuters dispatch to The Globe says the broad sell-off sent all three major U.S. stock indexes more than 1 per cent lower. Risk appetite was dampened by a combination of persistent fears over potential disruption due to AI technology and President Donald Trump's erratic statements on trade policy. The Canadian stock market fared better, thanks in part to a rally in gold prices. The S&P/TSX Composite Index hit a record intraday high at the open before quickly succumbing to selling pressure, ending down 41.01 points at 33,776.50. In the U.S., financial stocks were off 3.3 per cent, while software-related firms slid 4.3 per cent amid AI disruption fears. On Friday, the top court issued a 6-3 ruling that Mr. Trump overstepped his presidential authority by enacting reciprocal tariffs under an economic emergency law. Mr. Trump then threatened a 15-per-cent temporary tariff on all imports, despite having reached trade agreements with many U.S. trading partners.

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