India, March 10 -- Canadian stocks closed sharply lower on Monday and the benchmark S&P/TSX Composite Index tumbled to a four-month low, as worries about global economic growth amid U.S. President Donald Trump's tariff moves weighed on the market.
In a Fox News interview on Sunday, Trump 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 awaited the Bank of Canada's interest rate decision, due on Wednesday. The Canadian central bank is widely expected to lower interest rate by 25 basis points, amid trade uncerta...