India, July 11 -- After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday, weighed down by losses in healthcare, technology, financials and consumer sectors.
Energy and materials stocks are gaining some ground thanks to firm commodity prices.
The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
Trump, who warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet, also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.
Investors ar...