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S&P/TSX composite down in late-morning trading, U.S. stocks move higher
Energy and technology shares led the decline as investors weighed trade uncertainty and higher tariff risks, while U.S. indexes posted gains.
- Canada's main stock index fell in late-morning trading Friday, weighed down by energy and technology sector losses, while U.S. markets climbed higher.
- Bank of Canada Governor Tiff Macklem said Monday that unpredictable U.S. trade policy heightened uncertainty for businesses, with new tariffs affecting nearly $28 billion of Canadian goods.
- Statistics Canada reported Thursday that retail sales fell 0.7 per cent to $73.7 billion in July, though preliminary estimates for August point to a 1.3 per cent gain.
- Adam Ludwick, director of asset allocation at NEI Investments, said markets view an October interest rate hike as a "coin flip" amid stubborn inflation and Middle East conflict.
- Statistics Canada will release July GDP figures next Tuesday, with Ludwick warning that slowing growth paired with persistent inflation creates a difficult economic environment.
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The Toronto Star+6 Reposted by 6 other sources
S&P/TSX composite down in late-morning trading, U.S. stocks move higher
TORONTO - Canada's main stock index fell in late-morning trading, weighed down by losses in the energy and technology sectors, while U.S. markets climbed higher.
·Toronto, Canada
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Total News Sources8
Leaning Left6Leaning Right0Center1Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
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