India, July 7 -- As markets are bracing for the latest tariff deadline, Canadian stocks might be hovering in the negative territory on Monday. The TSX Composite Index had gained 1.9 points to finish at 27,036.18 on Friday.
The new tariff rates, as proposed by U.S. President Donald Trump, will take effect on August 1. Meanwhile, Trump said on Sunday that an additional 10 percent will be levied on nations aligned with BRICS. He threatened that Brazil, Russia, India, and China aligning with anti-American policies will be charged an additional tariff and there will be no exceptions to this policy.
Oil prices are expected to be below $70 for the rest of the year, despite geopolitical uncertainties. The supply and demand might be pointing to an...