India, April 10 -- The Canadian market is deep down in negative territory on Thursday, with investors taking some profits following the previous afternoon's sharp rally after U.S. President Donald Trump announced a 90-day pause on new "reciprocal tariffs."
Also, trade tensions between the U.S. and China weigh on sentiment. Trump, who announced the 90-day pause for most countries, not only excluded China from the reprieve, but also raised the tariff on Chinese goods to 125%.
Energy, technology, healthcare, financials, real estate, industrials and consumer discretionary stocks are down sharply.
The benchmark S&P/TSX Composite Index was down 983.27 points or 4.14% at 22,743.76 nearly half an hour past noon. The index, which opened with a ne...