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Stocks Crater After Trump Drops Tariff Bomb

  • Toronto's benchmark index fell on Friday as U.S. President Donald Trump escalated tariffs on Canada and positive domestic employment data was released for June.
  • The TSX Composite Index dropped 76.98 points to 27,005.32, while the Canadian dollar weakened.
  • Some stock movements included Aya Gold & Silver and Equinox Gold Corp rising, while miners like Hudbay Minerals and Capstone Copper declined.
  • Trump announced a 35% tariff on Canada, impacting markets negatively, and threatened higher tariffs across the board, causing a decline in major stock indexes.

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