India, May 5 -- After recovering from an early slump, Canadian stocks moved back to the downside in the latter part of the trading session on Monday.
The benchmark S&P/TSX Composite Index bounced off its early lows to spend some of the day in positive territory but closed down 77.99 points or 0.3 percent at 24,953.52.
The early weakness on Bay Street may have reflected profit taking after the S&P/TSX Composite Index ended last Friday's trading at its best closing level in a month.
Renewed trade concerns also weighed on stocks after President Donald Trump announced plans to impose a 100 percent tariff on movies produced in foreign countries.
Trump also told reporters on Sunday that he has no plans to talk to his Chinese counterpart Xi Ji...