India, Aug. 1 -- The Canadian market got off to a weak start Friday morning and slipped deeper into the red subsequently, as U.S. President Donald Trump's sweeping tariff announcement rendered the mood bearish.
The U.S. government announced new tariff rates on dozens of countries, including Canada. The new tariffs range from just 10% to as high as 41%, and the White House said a 40% levy will be imposed on goods that have been transshipped to evade applicable duties.
Despite a few stocks finding support at lower levels, the market remains firmly down around noon. The benchmark S&P/TSX Composite Index was down 207.68 points or 0.76% at 27,052.10 a few minutes past noon. The index had earlier tumbled to 26,846.74.
Technology, energy, finan...