India, March 3 -- The Canadian market ended sharply lower on Monday due to heavy selling in energy and technology sectors. Stocks from materials, industrials and consumer discretionary sectors were the other major losers.
The mood remained bearish on Bay Street as U.S. President Donald Trump confirmed that the 25% tariffs on Canad and Mexico will take effect Tuesday.
Trump also announced plans to impose tariffs on imported agricultural products from April 2.
Data showing a sharp contraction in Canadian manufacturing activity in the month of February weighed as well on investor sentiment.
The benchmark S&P/TSX Composite Index closed down 391.88 points or 1.54% at 25,001.57. The index dropped to a low of 24,885.70 in the final hour, befor...