Toronto stock market rallies from early weakness caused by trade, virus concerns

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Canada's main stock index recovered from early losses prompted by U.S. sabre-rattling against China and an ominous warning about COVID-19.

The S&P/TSX composite index closed up 6.45 points at 14,509.66 after losing 2.2 per cent in morning trading.

"If we are starting to look at another trade war between those two superpowers, that's not what we need at this time," he said in an interview. In Canada, manufacturing sales plunged 9.2 per cent in March for the largest decrease in more than 11 years. Markets rallied in later trading as investors questioned whether the selloffs on Tuesday and Wednesday were too aggressive, he said.

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But that sabre rattling also brought the markets back up over a swing of 800 points with the announcement of Taiwan Semiconductor going to build a factory in the US. Trump is showing his support for Taiwan, something Canada has not done. Learn the facts please, CTV News!

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