TSX Plunges Nearly 1,100 Points Amidst Trump's Fed Chair Pick

The TSX plummeted nearly 1,100 points in the biggest selloff since last year's Liberation Day volatility. The move followed the announcement of former Federal Reserve governor Kevin Warsh as the next Fed chairman, easing concerns about inflation and central bank independence. Gold and silver prices fell sharply, with gold dipping below $4,700 an ounce and silver down 28%. Other commodity producers also suffered losses, with Barrick Mining Corp. and Agnico Eagle Mines Ltd. falling over 10%. The selloff was attributed to the reset of expectations for monetary policy as the year progresses.