Trump’s tariffs-driven selloff in Canadian stocks accelerated further on Friday as China’s retaliation and expectations of a prolonged trade war rattled global markets. The S&P/TSX Composite Index fell another 1,142 points, or 4.7%, to close at 23,193, marking a second straight session of steep losses.
While all key market sectors ended the session deep in the red, the heaviest losses were seen in energy, materials, and financial stocks, reflecting mounting fears over global demand and disrupted supply chains. With this, the TSX benchmark concluded the week with a 6.3% decline — its steepest weekly percentage drop since June 2022.
Top TSX Composite movers and active stocks
Baytex Energy, SECURE Waste Infrastructure, Vermilion Energy, New Gold, and Enerflex were the worst-performing TSX stocks for the day, with each plunging by at least 12.7%.
Despite the broader market selloff, TFI International (TSX:TFII) saw renewed buying…
