Canadian Stocks Fall as Trump Ends Trade Talks With Nation

Canada’s equities benchmark quickly dropped on Friday after US President Donald Trump said in a social media post that he was ending all trade discussions with the country, claiming that it is implementing a digital services tax.

The S&P/TSX Composite Index, which hit a record high as recently as Tuesday, ended Friday down 0.2% with the materials and consumer sectors dragging on the index. Gold stocks were particularly hard hit as bullion prices declined.