Canadian stocks fell on Friday as President Trump announced plans to increase tariffs on imports from Canada to 35% next month. This move comes after blaming Canada for not controlling drug entry into the US. The S&P/TSX Composite Index closed at 27,023.25, down 0.22%. PM Mark Carney stated that Canada will defend workers and businesses while negotiating with the US. Despite positive jobs data, concerns over the trade war impacted the market. Energy and materials sectors gained, while financials and healthcare sectors declined. Prominent gainers included Kelt Exploration Ltd and First Majestic Silver Corp, while notable losers were Bausch Health and Enghouse Systems Ltd.

Read more at Nasdaq: Canadian Stock Index Falls Amid Escalation In US Trade War