The Canadian stock market turmoil continued for a fourth straight session on Wednesday amid global trade tensions and shaky investor confidence as the U.S. went ahead with its higher tariff plan targeting Chinese imports. The S&P/TSX Composite Index fell by 353 points, or 1.5%, to settle at 22,507.
While all key market sectors ended the session with losses, the TSX selloff was mainly led by steep declines in healthcare, energy, and consumer cyclical stocks.
Although the broader market showed a minor recovery at the open, those early gains quickly faded as selling pressure intensified through the session with U.S. president Donald Trump escalating trade tensions by signing an executive order, sharply increasing tariffs even on low-value imports from China.
Top TSX Composite movers and active stocks
Shares of Tilray Brands (TSX:TLRY) tanked by 21% after it reported a steep net loss of nearly US$794 million for the February quarter….
