TSX falls 2.2% due to political uncertainty, fears of tariff war, and interest rate cut

From Nasdaq, Inc.: 2024-12-18 17:28:54

Canadian stocks saw a sharp decline, with the S&P/TSX Composite Index hitting a six-week low due to political uncertainty and fears of a tariff war. The Federal Reserve’s decision to cut interest rates by 25 basis points added to the selling pressure. The index closed at 24,557.00, down 2.24%, with all sectoral indices in negative territory. Hut 8 Corp, Shopify Inc, and other companies saw significant losses, while Organigram Holdings Inc reported a narrower net loss. Torex Gold Resources and other companies saw gains amidst the overall market decline.



Read more at Nasdaq, Inc.: TSX Falls 2.2% As Stocks Tumble On Widespread Selling