India, July 30 -- Canadian stocks fell steeply on Wednesday as month-long US-Canada trade talks have not yielded any breakthrough so far despite the August 1 deadline ending the day after tomorrow.
After opening a little lower than yesterday's close, the benchmark S&P/TSX Composite Index moved up to reach an intraday high of 27,581.23 within an hour. However, unable to hold on, the index fell into negative territory and finally closed at 27,369.96, down by 169.92 (or 0.62%).
Last Friday, the US President Donald Trump had hinted that the US may not have a lot of luck with Canada on trade talks and added that Canada may have tariffs instead of negotiations.
In response, PM Mark Carney reassured the nation that he would sign a deal with the...