The primary stock index in Canada fell on Thursday, and fears that US President Donald Trump’s new introductions could raise a global trade war.
At 10:03 am Et (1503 GMT), the S&P/TSX compound in Toronto Stock Exchange decreased by 0.6 % to 25,489.09 points.
The technology sector was the worst performance, withdrawn 4.3 % in BlackBerry.
Trump has announced plans to unveil a new tariff next month or sooner, which target wood and forest products in addition to the duties that have been previously announced on imported cars, semi -conductors, and pharmaceutical preparations.
This advertisement is especially important for Canada, one of the leading producers and exporters of soft wood in the world. The lion’s share of these exports is dedicated to the United States.
Fears of a global trade war pushed investors towards gold, with the high prices of safe minerals to unprecedented altitudes.
“Irrigation talk is really the main thing at the present time. Uncertainty is to maintain the market very volatile at best,” Alan Small, the great investment advisor in the small Alan’s small group with a special wealth.
“Our sources will not only be hurt due to the potential definitions of wood, but will also affect the United States significantly.”
The US data showed weekly emotional demands for the week ending February 15, compared to the estimate of 215,000, according to the economists included in Reuters.
At least four federal reserve officials, including the President of the Federal Reserve in Chicago, are scheduled to be the Federal Reserve Chairman in Chicago later in the day.
Health care appeared in the sector, as the best performance, backed by a 7.4 % jump in Bausch Health after she reported the results of the fourth quarter and announced the expectations of 2025.
Cenovus Energy lost 5.3 % after the Canadian oil and gas giant recorded a decrease in the profits of the fourth quarter.
Nutrien has gained 3.6 % after the potash product was higher than the fourth quarter results.
Manulife Financial gained 6 % after the company saw a 6 % increase in semester profit.
Tfi International fell 11.6 % after Canadian transport service and logistical service provider informed the results of the fourth quarter.
