India, Jan. 31 -- After posting a record close the previous day, the Canadian market opened marginally up and edged higher Friday morning, but kept losing ground as the day progressed with stocks from across several sectors reeling under selling pressure as Trump administration confirmed that it would begin imposing 25% tariffs on imports from Canada from February 1.
U.S. President Donald Trump reportedly said today that nothing can be done by Canada, Mexico and China to forestall tariffs and said that tariffs on oil and gas are likely by Feb. 18.
The benchmark S&P/TSX Composite Index ended with a loss of 275.15 points or 1.07% at 25,533.10. The index gained 0.25% in the week.
Energy, consumer discretionary, healthcare, materials and ind...