Shine Is Off Canadian Stocks as Tariff Drama Hurts Tech and Gold
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Investment fund managers who pitched Toronto-listed stocks as a place to hide from a US technology downturn have changed that advice because of President Donald Trump’s tariffs.
Canada’s benchmark S&P/TSX Composite Index outperformed the S&P 500 by around 10 percentage points over the past three quarters. But the gauge shed 9.7% over the past three trading sessions — its worst stretch since the onset of the Covid-19 pandemic in March 2020.