TSX dropped 1.1% due to U.S. policy uncertainty, with some stocks plunging

From Nasdaq: 2025-03-06 18:17:18

The Canadian market closed lower amid uncertainty over U.S. tariffs and economic policies. The government announced reciprocal tariffs on over $150 billion of US imports. The S&P/TSX Composite Index ended down 1.15% at 24,584.04. Aecon Group, Hut 8 Corp, South Bow Corporation, and Celestica plunged more than 10%. TecSys Inc., ATS Corporation, and others lost 2 to 6%, while Parkland Corporation, Rogers Communications, and others gained 2 to 6%. The Ivey Purchasing Managers Index rose to 55.3 in February, and the Canadian trade surplus widened to CAD 4.0 billion in January. Exports rose 5.5% to a record CAD 74.5 billion.



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