Toronto and New York markets post gains despite trade war escalation

Canadian and U.S. stock markets closed higher on Tuesday despite an escalating trade war between the two countries. The S&P/TSX composite index rose 243.51 points to 36,957.63, while major U.S. indexes also gained. In New York, the Dow Jones industrial average climbed 160.24 points to 53,577.40, the S&P 500 rose 24.42 points to 7,677.28, and the Nasdaq composite gained 171.11 points to 26,151.30. The Canadian dollar traded at 72.26 cents US, slightly up from Monday. Commodity prices fell, with October crude oil down US$2.65 at US$82.36 per barrel and December gold down US$3.30 at US$4,694.50 an ounce. The report was published by The Canadian Press on Aug. 25, 2026.