Canadian stocks drop 10% of their summit under the weight of Trump -Dead -Lights

Canadian shares entered the correction area on Friday, as customs duties imposed on major commercial partners by US President Donald Trump raised the fear of the recession. The S&TX index (S&P / TSX) fell 4.8% at 10:42 am in Toronto to refuse the country’s reference index in the country by 10% from the last summit in January. S&P/ TSX has exceeded the most important US inventory indicators so far this year and was able to enter the correction area in March, when it has sufficiently reduced the S&P 500 and Nasdak 100 index to reach this threshold. The Nasdaq 100 index fell 4.3% on Friday and on their way to the falling market area. Trump’s fear raises concerns about the World Trade War that violently lands the Canadian stock indicators, as Trump imposed international customs duties on April 2. China’s rewashing procedures and ‘OPEC’ intend to increase oil production in May have affected the prices of commodities and the shares of natural resources, which have a significant weight on the Toronto stock exchange. Energy and materials form about 30% of the S&B/ TSX index. “The shares and commodities are subject to serious sale amid the fear that customer duties that Trump imposed this week may have created a global trade war,” said Colin Sizinski, director of the Governor and the main market strategy of the SIA wealth management in Toronto.