S&P/TSX Composite slides 1.1% as tariffs bite
The S&P/TSX Composite Index fell 1.1% to close at 36,123, pressured by financial, industrial and tech stocks. Canada’s retaliatory tariffs on $20 billion of US imports took effect, while US-Iran tensions lifted oil and rate-hike bets.
1% to close at 36,123, with financial, industrial and tech shares under pressure. Canada’s retaliatory tariffs on US goods took effect, covering $20 billion of imports, with duties set at 15% to 50% on steel, furniture, clothing and electronics. The US tariffs introduced last month covered $20 billion, or 5%, of Canadian exports. 5%) would not be allowed to sell planes in the US unless it began manufacturing there.
Financials also weakened as oil prices climbed amid an escalation in the US-Iran war, stoking concerns over energy disruptions and inflation and lifting rate-hike bets. 2%. 6%. 5% after saying CEO Greg Ebel will retire by late 2026 and be succeeded by Michele Harradence.