Canadian stock futures drop amid global selloff and tariff war

Published 04/04/2025, 12:40
© Reuters.

Investing.com -- Canadian stock index futures experienced a decline on Friday due to a worldwide selloff.

The selloff was prompted by U.S. President Donald Trump’s comprehensive tariffs, which resulted in further losses after China declared countermeasures.

The futures on the S&P/TSX index saw a decrease of 3.8% at 7:38 a.m. ET (1138 GMT). The reciprocal tariffs announced by Trump on Wednesday prompted a significant fall in global financial markets.

This indicates a potential end to the long-standing period of trade liberalization.

On Friday, China’s finance ministry announced that it will impose an additional tariff of 34% on all U.S. goods starting from April 10.

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