TORONTO — Canada’s main stock index finished lower Friday after U.S. President Donald Trump said he is “terminating” trade discussions with Canada, while U.S. markets hit new highs.
The S&P/TSX composite index was down 59.63 points at 26,692.32.
The TSX had been in positive territory during late-morning trading, but swung the other way Friday afternoon. Trump says he is ending “all discussions on trade with Canada” over Ottawa’s plans to push ahead with a digital services tax that takes effect at the end of the month. Trump made the comments in a post on his social media account this afternoon.
Macan Nia, co-chief investment strategist with Manulife
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