India, Aug. 8 -- Canadian stocks closed roughly flat on Friday amid mixed economic data indicating a decrease in payroll employment and an unchanged jobless rate against the backdrop of the ongoing tariff war with the US.
After opening just above yesterday's close, the benchmark S&P/TSX Composite Index gained momentum until early afternoon, reaching an intra-day high of 27,859.93. The index subsequently fell into negative territory before closing at 27,758.68, down by 2.59 points (or 0.01%).
US tariffs on its major trading partners took effect at midnight on Thursday and traders are focusing on the impact the tariffs are going to create in the global economic landscape.
WTO and IMF data showed today that the US tariff rate now averages 2...