TSX ends down 0.4% at 24,968.49
For the week, the index adds 1.7%
Materials group falls 1% as gold retreats
Canada cancels capital gains tax hike
March 21 – Canada’s main stock index gave back some of its weekly gains on Friday, including declines for mining and industrial shares, as the focus returned to U.S. tariff uncertainty after some recent policy decisions from a number of major central banks.
Toronto Stock Exchange’s S&P/TSX composite index ended down 91.75 points, or 0.4%, at 24,968.49. For the week, the index was up 1.7%, its biggest weekly gain since November.
U.S. stocks clawed back losses to end slightly higher after comments from U.S. President Donald Trump provided hope that previously announced tariffs expected to begin in early April may not be as onerous as feared.
U.S. tariffs on steel and aluminum have already been raised. Canada is a major producer of both.
“We are selectively adding to risk assets,”…
