CANADA STOCKS-TSX on course to post sharpest weekly fall as trade worries linger [Reuters]
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Source: Reuters
CANADA STOCKS-TSX on course to post sharpest weekly fall as trade worries linger - Reuters 3 Min Read May 10 (Reuters) - Canada’s main stock index fell on Friday, as investors were worried about the U.S.-China trade dispute, with Washington raising tariffs on Chinese goods even as the two sides tried to strike a last-minute deal. * At 10:01 a.m. ET (14:01 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 116.6 points, or 0.71%, at 16,205.15. The index was on track to post its biggest weekly decline since mid-December. * The declines mirrored a risk-off mode across global stocks on fears that worsening trade tensions between the two largest economies in the world would dent global growth. * The United States on Friday hiked levies on $200 billion worth of Chinese goods and Beijing threatened to retaliate, although negotiators agreed to stay at the table in Washington for a second day. * The worries overshadowed encouraging domestic data that showed the Canadian econom
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