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Canadian, U.S. markets plunge Monday amid trade confusion [Video]

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TMX Broadcast Centre is pictured in Toronto on May 16, 2011. 

THE CANADIAN PRESS/Frank Gunn

By Rosa Saba The Canadian Press

TORONTO – Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.-Canada trade war took further hold, with the TSX losing almost 400 points, while the blue-chip Dow was down almost 900 points and the Nasdaq was four per cent lower.

“Today is a big, big down day by any measure,” said Michael Currie, senior investment adviser at TD Wealth. 

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