TSX ends down 1.6% at 24,759.15
Posts biggest decline since March 4
Technology sector falls 3%
Aya Gold & Silver tumbles 15.8%
March 28 – Canada’s main stock index fell on Friday by the most in three weeks as U.S. data and an expanding trade war raised fears of a global economic slowdown.
Toronto Stock Exchange’s S&P/TSX composite index ended down 401.91 points, or 1.6%, at 24,759.15, its lowest closing level since March 18 and its biggest decline since March 4. For the week, the index was down 0.8%.
Major U.S. benchmark, the S&P 500, posted an even steeper decline.
“When the president of the United States tries to shut down the global economy it can be problematic for stock markets,” said Matt Skipp, president of SW8 Asset Management. “How can any business leader make an impactful decision, whether it’s purchasing for their businesses, when the government changes its mind every day.”
U.S. consumer spending rebounded less…
