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U.S. tariffs spark stock market losses in Canada and the U.S., raising recession fears.
Canadian and U.S. stock markets have experienced significant losses for three consecutive days due to concerns over U.S. President Trump's announced tariffs.
The Canadian S&P/TSX composite index fell over 500 points, while the U.S. Dow Jones, S&P 500, and Nasdaq also saw substantial declines.
The tariffs have fueled fears of increased inflation and a potential recession.
Despite market losses, Trump has stated that the tariffs are necessary to repatriate production and factories to the U.S. Canada's main stock index dropped by 3.56% to 23,367.73, with the Canadian dollar trading at 70.14 cents US.
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Los aranceles estadounidenses provocan pérdidas del mercado de valores en Canadá y Estados Unidos, lo que aumenta los temores de recesión.