Canada’s main stock index fell more than 200 points Friday, weighed down by losses in energy and base metal stocks, while U.S. markets were mixed.
The S&P/TSX composite index closed down 215.28 points at 25,483.23.
In New York, the Dow Jones industrial average was down 165.35 points at 44,546.08. The S&P 500 index was down 0.44 points at 6,114.63, while the Nasdaq composite was up 81.13 points at 20,026.77.
“Investors are having panic about what (U.S. President Donald) Trump’s going to do over the weekend,” said Jennifer Tozser, senior wealth adviser and portfolio manager with Tozser Wealth Management at National Bank Financial Wealth Management.
All the uncertainty makes it hard for firms to plan ahead and have confidence, she said.
Tariffs are expected to hit Canada’s economy, which is already stagnating after interest rate hikes.
“It’s unknown if it’s going to be good or bad for the U.S. economy, but there’s a lot of…
