(RTTNews) – The Canadian market ended sharply decrease on Friday, weighed down by lukewarm GDP knowledge and issues about inflation and impending U.S. tariffs.
Commerce tensions are escalating with U.S. President Donald Trump’s announcement of a 25% tariff on autos, and the Canadian Prime Minister Carney warning of retaliatory measures.
Expertise, industrials, shopper discretionary and healthcare shares have been among the many main losers. The indexes monitoring the performances of those sectors dropped by 2.2 to 2.98%.
Supplies, financials and power shares additionally traded weak.
The benchmark S&P/TSX Composite Index closed down 401.91 factors or 1.6% at 24,759.15, virtually close to the day’s low. The index shed about 0.8% within the week.
Aya Gold & Silver tanked almost 16% on weak outcomes. The corporate reported fourth-quarter internet lack of US$30.0 million, or US$0.23 per share, in contrast with internet revenue of US$3.6 million, or US$0.03 per share, recorded within the year-ago quarter.
B2Gold Corp closed down 8.6%, whereas Ero Copper, TFI Worldwide, Restaurant Manufacturers Worldwide, Ivanhoe Mines, Shopify, First Quantum Minerals, MAG Silver, Teck Assets, MDA Area, Open Textual content Company, BRP Inc., Aritzia and Enghouse Techniques ended decrease by 4 to 7%.
Cargojet, HudBay Minerals, Bausch Well being Firms, Manulife Monetary, Royal Financial institution of Canada, Toronto-Dominion Financial institution, Onex Company, Financial institution of Montreal, Financial institution of Nova Scotia, Linamar Company, TerraVest Industries, Air Canada, Canadian Pacific Kansas and Precision Drilling misplaced 3 to 4%.
Jamieson Wellness climbed up 3.7%. Emera Inc., Atco, Oceanagold, Nice-West Lifeco, Canadian Utilities, Fortis Inc., Dollarama and Gibson Vitality gained 1 to 2%.
Knowledge from Statistics Canada mentioned the Canadian GDP was primarily unchanged from the earlier month in February of 2025, in keeping with a flash estimate. In flip, the GDP expanded by 0.4% from the earlier month in January, extending momentum in December and higher than flash estimates of 0.3%.
Canada’s finance division mentioned Canada’s authorities finances recorded a deficit of C$ 5.13 billion in January 2025, widening from a C$ 2.06 billion deficit in January 2024.
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