TSX Rebounds with Canadian Leadership Change During Ongoing Trade War

U.S. stocks ended the week in negative territory, with the S&P 500 Index, Nasdaq Composite, and Russell 2000 Index marking their fourth consecutive week of losses, while the S&P MidCap 400 Index declined for the seventh straight week. The Dow Jones Industrial Average dropped 3.07%, pushing all five major indexes into the red for the year. Market sentiment remained pressured by ongoing trade policy uncertainty as the Trump administration introduced new tariffs throughout the week. President Donald Trump’s comments about a “period of transition” for the U.S. economy further exacerbated concerns over economic growth and rising recession fears.

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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.

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