India, March 4 -- The Canadian market ended sharply lower on Tuesday, hurt by heavy selling in several sectors amid concerns about growth as new tariffs by U.S. against Canada, China and Mexico took effect, and Canada and China announced retaliatory measures.
Financials, technology, energy, industrials and consumer discretionary stocks declined sharply.
After the Trump administration's tariff moves, Canada retaliated by announcing 25% tariffs on $107 billion worth of U.S. goods, with $20.7 billion in immediate effect. Mexican President Claudia Sheinbaum said her country is preparing countermeasures.
China has announced 15% tariffs on U.S. chicken, wheat, corn and cotton, plus 10% cent tariffs on soybeans, pork, beef and dairy beginning M...