American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
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The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
March 25 (Reuters) - Canada's main stock index extended losses on Monday from its sharpest decline this year in the previous session, as investors fled riskier assets on concerns over a softening global economy.
* At 9:59 a.m. ET (1359 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 50.65 points, or 0.31 percent, at 16,038.68.
* The energy sector posted the steepest drop of 1.2 percent as U.S. crude prices were down 0.5 percent a barrel, while Brent crude lost 0.2 percent.
* However, gains in mining stocks, which got a lift from investors flocking to the safe-haven bullion, countered heavy losses in the energy sector.
* The materials sector added 0.6 percent as spot gold gained 0.5 percent to $1,319.61 an ounce.
* The financials sector, which accounts more than a third of the main index's weight, slipped 0.5 percent. The industrials sector fell 0.3 percent.
* On the TSX, 110 issues were higher, while 123 issues declined for a 1.12-to-1 ratio to the downside, with 17.98 million shares traded.
* The largest percentage gainers on the TSX were Cronos Group Inc and TransAlta Corp, which rose 5.9 percent and 4.6 percent, respectively.
* Interfor Corp fell 3.3 percent, the most on the TSX.
* The second-biggest decliner was Kirkland Lake Gold Ltd , down 3.2 percent.
* The most heavily traded shares by volume were Aurora Cannabis, Bombardier Inc and Hexo Corp .
* The TSX posted 12 new 52-week highs and two new lows.
* Across all Canadian issues, there were 36 new 52-week highs and 10 new lows, with total volume of 56.24 million shares. (Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)