India, March 4 -- Despite recovering a substantial portion of lost ground, the Canadian market remains deep down in negative territory on Tuesday, and with less than an hour to go for the closing bell, looks set to end the session on a weak note.
The mood is bearish due to concerns about the impact of new tariffs by the U.S. on Canada, Mexico and China, and the retaliatory moves by Canada and China.
U.S. President Donald Trump's threat that he will impose reciprocal tariffs from early April, hurt as well.
After the Trump administration's tariff moves, Canada retaliated by announcing 25% tariffs on $107 billion worth of U.S. goods, with $20.7 billion in immediate effect. Mexican President Claudia Sheinbaum said her country is preparing co...