S&P/TSX composite, U.S. markets see declines amid new U.S. tariff threats

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TORONTO — Canada’s main stock index finished lower, weighed down by losses in technology, while U.S. stock markets also moved lower after U.S. President Donald Trump escalated tariff threats against Canada.

TORONTO — Canada’s main stock index finished lower, weighed down by losses in technology, while U.S. stock markets also moved lower after U.S. President Donald Trump escalated tariff threats against Canada.

The S&P/TSX composite index was down 59.05 points at 27,023.25.

In New York, the Dow Jones industrial average was down 279.13 points at 44,371.51. The S&P 500 index was down 20.71 points at 6,259.75, while the Nasdaq composite was down 45.14 points at 20,585.53. The S&P 500 closed 0.3 per cent lower a day after setting a record high.

Compared with the sharp declines associated with some of Trump’s previous moves on the trade file, the drops were less significant.

“Obviously a pretty muted reaction to the threat of…

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