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Markets

Global stocks plummet as Trump’s tariffs on China take effect

U.S. bonds, dollar battered as ‘sell America’ trade heats up
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 8, 2025.

U.S. Treasuries crater as global tariff war unleashed by Trump triggers asset damage

trade war

China’s Xi calls for regional co-operation as Trump’s 104% tariffs hit

State funds prop up markets and state media vows Beijing will not back down in trade war with U.S.
A woman walks past a brokerage house with a display board showing the stock index information, in Beijing, China April 9, 2025.

In negotiating with Trump, flattery and playing hardball both work, but leverage is key

Trump’s tariffs are already rerouting global supply chains

Canada to impose tariffs of 25% on vehicles imported from U.S. starting Wednesday

election 2025

In one of Ontario’s poorest ridings, a job coach braces for a busy season as Trump’s tariffs sting

For Hamilton Centre, facing uncertainty about the manufacturing trades that built their city, United Steelworkers Adjustment Centre is one place to turn for answers

Inside a Pierre Poilievre rally, where hope for change overshadowed the polls

opinion

Poilievre moves on to Plan C and brings out the guns

Campbell Clark
Campbell Clark
Health care

How a neurosurgeon used her entrepreneurial background to revamp a hospital’s brain-tumor program

In the program’s first year, it has reduced delays for radiation treatment by 40 per cent and surgery volumes have more than doubled
Neurosurgeon, Teresa Purzner, at Kingston Health Sciences Centre, successfully revamped the hospital's brain-tumour treatment program. 2025. Andrés Valenzuela/The Globe and Mail.
Golf

The 2025 Masters tees off this week. Here’s when it starts, who might win and how to watch in Canada

Everything you need to know about the 89th Masters at the Augusta National Golf Club, where first-ranked Scottie Scheffler is the favourite to win
tk

Why the Masters iconic green jacket is the real prize of the tournament

opinion

An evergreen rite of spring, the Masters arrives like a soothing balm for the soul

Cathal Kelly
Cathal Kelly

More top stories

Mental Health Research Canada Vice-President of Development and Strategic Initiatives Michael Cooper at his home on April 5, 2025. April 5, 2025. (Sammy Kogan/The Globe and Mail)

New hub for teen mental-health data launches with eye on tailoring supports for Canadian youth

Podcast logo for The Decibel, the daily show from The Globe and Mail.
Podcast

What happened to the ‘carbon tax election’? Podcast

Business and Finance

With the Canadian flag hanging by the front entrance, Mark Hintz (R)56, and his mother, Rosemary Ann Fry, 78, in front of their home near Sarasota, Florida, on Mar 14, 2025. They’ve listed their home and will be moving to the GTA. Hintz’s grandfather served with the RCAF in the Second World War. They will also be taking a financial hit as the real estate market has softened. (Fred Lum/The Globe and Mail)

Battered by a weak dollar and shocked by U.S. politics, Canadians are getting rid of their Florida homes at an inopportune time

Wonderfi spent millions after CEO Skurka’s kidnapping

WonderFi CEO Dean Skurka is photographed on April 3 2023. Dean Skurka, head of crypto exchange WonderFi, kidnapped for ransom in Toronto and released. (Fred Lum/The Globe and Mail)

Toronto’s iconic El Mocambo music venue up for sale

Our Lady Peace play to a packed crowd as they mark the re-opening of the iconic Toronto music venue The El Mocambo on Saturday, October 30, 2021. THE CANADIAN PRESS/Chris Young

Tailscale raises $230-million, reaching $2-billion valuation on surging demand from AI companies

TWO COLUMN ONLY -Photos supplied by Tailscale pic is of CEO and co-founder Avery Pennarun.

Investor advocates urge regulators to ban controversial sales commissions for mutual funds

A red light on Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020.

Opinion and analysis

At TD, incentive pay rose as the bank excluded the cost of U.S. penalties from profit calculations

David Milstead
David Milstead

In the game of tariff chicken, China and the EU will capitulate before Trump does

Eric Reguly
Eric Reguly

The real crash to fear in the trade war is housing, not stocks

Rob Carrick
Rob Carrick

If Canada wants closer European ties, we need European privacy standards, not American

Matt Malone
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, April 20, 2016. REUTERS/Francois Lenoir/File Photo

It’s not the economy, stupid. That’s not why Trump tariffs the world

Brandon Schaufele
US President Donald Trump, center, salutes while inspecting the troops during the 60th presidential inauguration in Emancipation Hall of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025. President Donald Trump launched his second term with a strident inaugural address that vowed to prioritize Americas interests with a "golden age" for the country, while taking on "a radical and corrupt establishment." ALEXANDER DRAGO/Pool via REUTERS

Weekend spotlight

explainer

Ten economic issues that will define the 2025 election, explained in charts

Pocketbook issues were set to dominate the conversation in this election cycle. Then along came a trade war

Family vacations might be the best setting to talk to your kids about money

KaushalPhoto3.jpg Photo 3: Machu Picchu

Sheertex maker SRTX has secured $40-million in investor commitments, CFO says

Employees sew the finishing on pantyhose inside Sheertex, a textile company that makes unbreakable by human hands pantyhose in Montreal, Quebec, December 20, 2019. (Christinne Muschi /The Globe and Mail)

Scotiabank CEO says Canada needs to boost investment in energy infrastructure

Portrait of Scotiabank’s CEO Scott Thomson working at the ‘Cedar’ Boardroom. One of many boardrooms at the Scotia Bank north tower. September 27, 2023. The art piece above him is by Luce Meunier and is part of the Scotiabank fine art collection. (With a right to use it in the image). (Niv Shimshon/The Globe and Mail)

Looking for a workday pick-me-up? Spend time in nature – doctor’s orders

Port Moody, B.C., resident Katie Yu says that spending time in her garden helps ground her before, or in the middle of, a busy day of work.

Life and Arts

In the know

Take a break

All puzzles

Video

Researchers claim to have revived a long-extinct dire wolfVideo2:08

Prince Harry arrives at London court to appeal losing access to his security detailVideo0:40

Trump threatens additional 50% tariffs on China in new escalationVideo2:57

Ukraine's Zelensky says two Chinese men were caught fighting for RussiaVideo1:14

At least 44 dead, scores injured in roof collapse at Dominican Republic nightclubVideo0:46

A U.S.-Russian crew of three arrives at the International Space StationVideo0:59

Asian markets jump after day of wild volatility on Wall StreetVideo2:21

Journalist killed and at least six wounded when Israeli strike hits media tent at Nasser HospitalVideo1:15

Trending

Carney says he was at the table managing crises during Harper years, not Poilievre

Trump to impose additional 50% tariff on China

Opinion

If Canada wants closer European ties, we need European privacy standards, not American

Matt Malone

China’s Xi calls for regional co-operation as Trump’s 104% tariffs hit

Opinion

Poilievre moves on to Plan C and brings out the guns

Campbell Clark

Keystone oil pipeline shut down after rupture in rural North Dakota, owner South Bow confirms

In one of Ontario’s poorest ridings, a job coach braces for a busy season as Trump’s tariffs sting

‘I’ve experienced every single smackdown in the market for over 50 years’

In case you missed it

opinion

Trump’s tariff fish tales snare Saint-Pierre and Miquelon

The Editorial Board
There are no stop lights on the road leading into downtown St-Pierre, so unsuspecting tourists should be aware of swerving traffic within the town's narrow lanes. THE CANADIAN PRESS/Tara Brautigam

Canadian scientist Daniel Drucker among winners of Breakthrough Prize for discovery of hormone used in anti-obesity drugs

Daniel Drucker, Mount Sinai Hospital doctor and senior investigator at Toronto’s Lunenfeld-Tanenbaum Research Institute, was among five researchers to win a Breakthrough Prize, the world’s most lucrative award for science.

How Canadians are putting their anger to good use and defying the U.S.: We answer your questions

Portraits of some of the hundreds that joined a “Elbows Up, Canada” rally in Toronto on March 22, 2025, celebrating Canadian pride as the country continues to respond to US tariffs. March 22, 2025. (Sammy Kogan/The Globe and Mail)
newsletter

To reduce burnout, create a workplace culture that respects energy, not output

Shot of a group of business colleagues meeting in an office

Sections

Canada

Tareq Hadhad, a Syrian refugee and founder of Peace by Chocolate, poses in front of his chocolate factory in Antigonish, N.S. on Tuesday, January 9, 2018. Darren Calabrese/The Globe and Mail

Legal group apologizes for cancelling speech by Peace by Chocolate owner over Gaza comment

B.C. Insider: Canadians to receive payments for cancelled carbon levy

obituary

Countryfied crooner Dick Damron was a likeable bad boy of Canadian music

World

White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, April 8, 2025, in Washington. (AP Photo/Evan Vucci)

Judge rules U.S. government can’t bar AP journalists from White House events

How the ‘Buy Canadian’ movement is inspiring France’s ‘Le Boycott’

Roof collapses at a Dominican Republic nightclub, killing at least 98 people

Politics

Pierre Poilievre speaks during a press conference at a campaign stop in Edmonton on Tuesday April 8, 2025. THE CANADIAN PRESS/Jason Franson

Poilievre promises to crack down on offshore tax loopholes

Politics Insider: U.S.-made vehicles about to get a lot more expensive for Canadian consumers

U.S. Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

Sports

FBI director is Kash Patel, left, tallking with former NHL player Wayne Gretzky, right, during the first period of an NHL hockey game between the Washington Capitals and Chicago Blackhawks, Friday, April 4, 2025, in Washington. (AP Photo/Mark Schiefelbein)

Wayne Gretzky says he has ‘no political power’ over the president or prime minister

Panthers top Maple Leafs 3-1, snap five-game slide and tighten Atlantic Division race

Argentina hands Canada’s women’s soccer team first loss of Stoney era

Style Advisor

Four Pillars Distillery

France and beyond: These are the best wineries and distilleries to visit abroad

A big question facing luxury brands: Are you a customer or an influencer?

Why fragrance is the ultimate travel souvenir

Health & Fitness

File #: 10060150 Silhouette woman run under blue sky with clouds and sun Credit: iStockphoto (Royalty-Free) Keywords: Running, Jogging, Women, Exercising, Sport, Silhouette, Female, Outdoors, Marathon, Leg, Athlete, Sun
strength & fitness

Taking your run from the treadmill to the road? A former Olympic runner shares her tips

food for thought

Opting for microgreens over lettuce amid tariff war? Here’s how they stack up

Leslie Beck

Are functional mushrooms the secret weapon for well-being?

Real Estate

Michael Garron Hospital, soon to be demolished. Exterior.
the architourist

Discharged: Saying good-bye to an old hospital building

Dave LeBlanc
done deal

Buyers brave the storm to snag midtown penthouse with a view

done deal

Modest makeover and a price cut lead buyers to midtown Toronto condo

Drive

The Polestar 4, a coupe-like SUV, has the best driving position and the most supportive seats.
car review

‘Everything starts with the steering’: Tuning Polestars with chassis engineer and rally racer Joakim Rydholm

car review

What spacious EV would be good for sleeping in?

lou's garage

The transmission on my Mazda CX-5 is making a chirping sound. Is it safe to drive home from Florida?

Environment and Climate Change

All climate change

Podcasts

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Events and courses

All events
Discover inspiring events, unmissable trips and empowering courses from The Globe and Mail. Find all events and courses here.

Canada’s health information institute pushing for countrywide standardization of patient data

A paramedic is seen outside ambulances parked at the entrance to the emergency department at Richmond General Hospital, in Richmond, B.C., Sunday, Nov. 27, 2022. THE CANADIAN PRESS/Darryl Dyck

How transparent is your city? Audit of freedom of information requests finds vast differences

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