(Reuters) – Canada’s main stock index gave back much of the previous day’s sharp gains on Thursday as concern grew that the global trade war could derail economic growth, with energy and highflying technology stocks among the biggest decliners.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 712.16 points, or 3%, at 23,014.87, after posting on Wednesday its biggest advance since shortly after the start of the COVID-19 pandemic.
Wall Street stocks also tumbled. The escalating U.S.-China face-off over tariffs dampened optimism over upbeat economic data and U.S.-Europe trade negotiations.
Canadian Prime Minister Mark Carney said he would convene a meeting of top cabinet colleagues on Friday to discuss the economic threat posed by U.S. tariffs.
The Toronto market’s technology sector fell 6.1%, with e-commerce company Shopify Inc down 8.4% and Constellation…
