India, April 3 -- Sharply lower U.S. and Canadian futures, weak European stocks and falling oil and bullion prices point to a gap down opening for the Canadian market on Thursday.
U.S. President Donald Trump's sweeping tariff announcement on trade partners has raised fears of a global trade war and triggered inflationary concerns.
Trump announced a 10% universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers the "worst offenders" based on trade deficits and non-tariff barriers.
The move marks one of the boldest protectionist pushes in recent history and sparked concerns over inflation and growth.
U.S. Treasury Secretary Scott Bessent urged trading partners against taking retaliatory step...