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Canada's TSX Drops Amid U.S. Tariff Worries

2/21/2025

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Summary

Story summary

Canada's TSX Composite Index decreased by 154.84 points, closing at 25,471.32 due to U.S. tariff concerns.
The Canadian dollar increased slightly to 70.44 cents U.S.
Cenovus Energy experienced a profit decline, while Teck Resources surpassed profit expectations.
The technology sector faced challenges, highlighted by a 7.7% drop in Blackberry shares.
Preliminary data suggests a potential 0.4% decline in retail sales for January 2025.

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Story summary

Canada's TSX Composite Index decreased by 154.84 points, closing at 25,471.32 due to U.S. tariff concerns.
The Canadian dollar increased slightly to 70.44 cents U.S.
Cenovus Energy experienced a profit decline, while Teck Resources surpassed profit expectations.
The technology sector faced challenges, highlighted by a 7.7% drop in Blackberry shares.
Preliminary data suggests a potential 0.4% decline in retail sales for January 2025.