India, May 23 -- After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday, with materials stocks attracting some strong buying. Communications, technology and healthcare stocks are trading weak.
The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
In a post on Truth Social, Trump claimed that the EU has "been very difficult to deal with" and said trade talks with the bloc are "going nowhere!"
The U.S. President also threatened to impose a 25% tariff on Apple iPhones that are not manufactured in the U.S.
The benchmark S&P/TSX Composite Index, whic...