India, April 4 -- Canadian stocks moved sharply lower during trading on Friday, adding to the steep losses posted in the previous session.
After plunging by 3.8 percent on Thursday, the benchmark S&P/TSX Composite Index plummeted 1,142.30 points or 4.7 percent to a nearly seven-month closing low of 23,193.47.
The continued sell-off on Bay Street came amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to President Donald Trump's new levies.
China's finance ministry announced a 34 percent tariff will be imposed on all imported goods originating from the U.S. beginning on April 10th.
The new tariff matches the "reciprocal tariff" Trump plans to impose on China, although the co...