India, June 27 -- Canadian stocks fell on Friday, losing earlier gains after US President Donald Trump halted all trade discussions with Canada due to the Canadian digital services tax on American technology companies.
After opening a little lower than yesterday's close, the benchmark S&P/TSX Composite Index briskly moved to an intraday high of 26,806.62 just before noon. However after Trump's announcement on ending talks with Canada, the index turned lower to settle at 26,692.32, down by 59.63 (or 0.22%).
Trump announced on his social media platform, Truth Social, that the US is terminating all discussions on trade with Canada with immediate effect and that tariffs on Canada shall be announced in a week.
Trump has taken this hard stance...