Archive · 2 Aug 2025
TSX Posts Steepest Decline Since April, Impacted by U.S. Data
The Canadian stock market had a rough day, dropping nearly 1% on Friday, the worst it's seen since April.
This was partly because of bad news from the U.S. job market and higher tariffs.
Technology and energy stocks took a hit.
The U.S. also increased tariffs on Canadian goods.
This led to investors being concerned about the market.
The manufacturing sector in Canada also shrank.
One bright spot was a space company whose shares went up.
TSX dropped 0.9% on Friday, its biggest decline since April.
The index closed at 27,020.43, extending a pullback from its record high.
The technology sector fell 2.4% and energy lost 1.9%.
U.S. jobs data disappointed, and the manufacturing sector in Canada contracted.
U.S. increased tariffs on Canadian goods to 35%.
- Who
- Investors
- What
- TSX declined due to weak U.S. job data and trade tensions.
- When
- Friday
- Where
- Canada
- Why
- Disappointing U.S. jobs data, U.S. trade war with Canada.
Market Sentiment
Economic Factors
Reaction to Data
Market Sentiment
Investors reacted negatively to U.S. jobs data.
Economic Factors
There is no clear opposing view in this article.
- TSX Closing
- 27,020.43
- TSX Change
- -0.9%
- Weekly Decline
- 1.7%
- Technology Sector Drop
- 2.4%
- Energy Sector Drop
- 1.9%
- Oil Price
- $67.33 a barrel
- Tariff Increase
- U.S. increased tariffs on Canadian goods to 35%