India, Aug. 7 -- Canadian stocks fell on Thursday as investors resorted to profit-taking from the past two days of record highs and also gauged the impact of high US tariffs taking effect beginning today on Canada's businesses.
After opening just a little above yesterday's record high, the benchmark S&P/TSX Composite Index dropped within minutes and traded in negative territory throughout most of the session before finally closing at 27,761.27, down by 159.60 points (or 0.57%).
Today is a crucial day in Canada's economic calendar as the high tariffs set by the US President Donald Tariff on a vast majority of exporters to the US, including Canada, take effect.
Nevertheless, high-level officials from both countries are sitting at the negot...