Canada’s main stock index extended its losses from the previous session on Friday, hurt by mining and energy shares, while investors grappled with global economic uncertainty and tariff threats, weighing on the market sentiment.
The Toronto Stock Exchange’s S&P/TSX composite index was down 122.34 points, or 0.48%, at 25,288.37, and was set for its first weekly loss in six.
The index also inched closer to hit its biggest weekly loss since the week of September 3.
Canada’s materials sector slid 1.6% with gold prices falling ahead of potential U.S. rate cut at the Federal Reserve’s Dec. 17-18 meeting, while copper prices came under pressure from a stronger dollar.
Additionally, energy lost more than 1% despite higher oil prices.
Telus fell 1.8% after the National Bank of Canada cut the telecom firm’s rating, dragging the capped communications sector 1.5% lower.
“Volatility may remain present as the market processes global…
