India, March 10 -- The Canadian market is languishing deep down in negative territory in late afternoon trades on Monday due to heavy selling across the board amid rising fears of a recession in the U.S. and uncertainty about the outlook for global economic growth.
U.S. President Donald Trump in a Fox News interview on Sunday declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China.
"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," Trump told the "Sunday Morning Futures" program.
Investors look ahead to the Bank of Canada's interest rate decsion on Wednesday.
The benchmark S&P/TSX Composite Index was down 488.51 points or 1....