S&P/TSX composite down, oil tops US$115 per barrel after Trump warning

President Donald Trump speaks with reporters during a news conference in the James Brady Press Briefing Room at the White House, Monday, April 6, 2026, in Washington. (AP Photo/Mark Schiefelbein)

TORONTO - Canada's main stock index was down more than 150 points in early trading, while U.S. stock markets also fell and the price of oil climbed after U.S. President Donald Trump issued a dark warning to Iran.

In a social media post, Trump said a "whole civilization will die tonight" if Tehran does not meet his latest deadline for the Islamic Republic to agree to a deal that includes reopening the crucial Strait of Hormuz.

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