Canadian stocks saw more ups and downs on Thursday as weaker commodity prices and ongoing trade war fears weighed on investor sentiment. A day after inching up by around 300 points, the S&P/TSX Composite Index gave up 287 points, or 1.2%, to settle at 24,584.
Even as U.S. president Donald Trump signed an executive order to temporarily adjust tariffs on some Canadian imports to minimize disruption to the U.S. automotive industry, investor concerns about the broader impact of trade tensions intensified. These worries led to a renewed selloff in most key market sectors, including technology, financials, and real estate, while consumer stocks showed strength.
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Shares of Aecon Group (TSX:ARE) tanked by over 16% to $18.69 per share a day after announcing its far worse-than-expected fourth-quarter earnings. In the quarter ended in December 2024, the Toronto-based infrastructure firm’s revenue
