<ul data-eligibleForWebStory="false"><li>Toronto's main stock index opened lower on Friday as President Donald Trump announced a 35% tariff on Canada, impacting market sentiments.</li><li>The TSX Composite Index lost 98.51 points while the Canadian dollar dropped to 72.97 cents U.S.</li><li>Trump's decision to increase tariffs on Canada from 25% to 35% rattled investors, with implications for trade agreements and market stability.</li><li>Despite better-than-expected employment data in June, uncertainty remains as major averages dropped, with concerns about future tariffs and market impact.</li></ul>

Trump Slaps Tariffs on Canada, Shares Dwindle

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