India, March 28 -- The Canadian market ended sharply lower on Friday, weighed down by lukewarm GDP data and concerns about inflation and impending U.S. tariffs.
Trade tensions are escalating with U.S. President Donald Trump's announcement of a 25% tariff on autos, and the Canadian Prime Minister Carney warning of retaliatory measures.
Technology, industrials, consumer discretionary and healthcare stocks were among the major losers. The indexes tracking the performances of these sectors dropped by 2.2 to 2.98%.
Materials, financials and energy stocks also traded weak.
The benchmark S&P/TSX Composite Index closed down 401.91 points or 1.6% at 24,759.15, almost near the day's low. The index shed about 0.8% in the week.
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