Canadian equities continued to dive for the third consecutive session on Monday as U.S. president Donald Trump threatened to impose additional 50% tariffs on Chinese goods if it doesn’t withdraw its 34% retaliatory levy on American exports. As fears of an escalating global trade war and a prolonged economic standoff weighed heavily on investor sentiment, the S&P/TSX Composite Index gave up another 334 points, or 1.4%, to close at 22,859.
Despite a minor recovery in some technology stocks, heavy losses in most other key sectors, including consumer, energy, and financials, dragged the broader index deeper into negative territory.
Top TSX Composite movers and active stocks
NGEx Minerals, TMX Group, ATS, and Great-West Lifeco plunged by over 5% each, making them the worst-performing TSX stocks for the day.
In contrast, Ivanhoe Mines (TSX:IVN) climbed by 8.6% to $11.15 per share, trimming its month-to-date losses to 8.8%. This rally…
