TSX Ends 1.6% Down As Trade War Fears Rise

RTTNews | il y a 4

(RTTNews) - The Canadian market ended sharply lower on Friday, weighed down by lukewarm GDP data and concerns about inflation and impending U.S. tariffs.

Trade tensions are escalating with U.S. President Donald Trump's announcement of a 25% tariff on autos, and the Canadian Prime Minister Carney warning of retaliatory measures.

Technology, industrials, consumer discretionary and healthcare stocks were among the major losers. The indexes tracking the performances of these sectors dropped by 2.2 to 2.98%.

Materials, financials and energy stocks also traded weak.

The benchmark S&P/TSX Composite Index closed down 401.91 points or 1.6% at 24,759.15, almost near the day's low. The index shed about 0.8% in the week.

Aya Gold & Silver tanked nearly 16% on weak results. The company reported fourth-quarter net loss of US$30.0 million, or US$0.23 per share, compared with net income of US$3.6 million, or US$0.03 per share, recorded in the year-ago quarter.

B2Gold Corp closed down 8.6%, while Ero Copper, TFI International, Restaurant Brands International, Ivanhoe Mines, Shopify, First Quantum Minerals, MAG Silver, Teck Resources, MDA Space, Open Text Corporation, BRP Inc., Aritzia and Enghouse Systems ended lower by 4 to 7%.

Cargojet, HudBay Minerals, Bausch Health Companies, Manulife Financial, Royal Bank of Canada, Toronto-Dominion Bank, Onex Corporation, Bank of Montreal, Bank of Nova Scotia, Linamar Corporation, TerraVest Industries, Air Canada, Canadian Pacific Kansas and Precision Drilling lost 3 to 4%.

Jamieson Wellness climbed up 3.7%. Emera Inc., Atco, Oceanagold, Great-West Lifeco, Canadian Utilities, Fortis Inc., Dollarama and Gibson Energy gained 1 to 2%.

Data from Statistics Canada said the Canadian GDP was essentially unchanged from the previous month in February of 2025, according to a flash estimate. In turn, the GDP expanded by 0.4% from the previous month in January, extending momentum in December and better than flash estimates of 0.3%.

Canada's finance department said Canada's government budget recorded a deficit of C$ 5.13 billion in January 2025, widening from a C$ 2.06 billion deficit in January 2024.

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious as uncertainty prevails over the size and the scope of new reciprocal tariffs on imports to the US to be announced later in the day. Some traders also continue to pick up stocks at a bargain after heavy selling in the previous sessions.

RTTNews | il y a 4h 21min

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Wednesday, but extends the gains in the previous session, with the benchmark S&P/ASX 200 staying well above the 7,900 level, following the mixed cues from Wall Street overnight, with gains in financial and some technology stocks partially offset by weakness in mining and energy stocks.

RTTNews | il y a 5h 9min

Sensex, Nifty Likely To Open On Cautious Note Before US Tariff Announcements

Indian shares look set to open on a cautious note Wednesday as uncertainty prevails over the size and the scope of new U.S. tariffs to be announced later in the day.

RTTNews | il y a 5h 18min

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday after opening in the green, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 35,500 level, with weakness in exporters, automakers and financial stocks partially offset by gains in technology stocks.

RTTNews | il y a 6h 37min

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 7,900 level, following the mixed cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.

RTTNews | il y a 6h 55min