The Canadian stock index S&P/TSX ended with a three digit loss for a second straight session, as shares from energy, materials and consumer discretionary sections tumbled amid persisting worries over trade related tensions.
The mood on Bay Street, where trading resumed after an extended weekend due to a holiday on Monday for Labor Day, was cautious right through the session after U.S. and Canadian officials failed to reach an agreement on trade last week. Key officials of the two countries are expected to resume talks this week. Recent reports have suggested that U.S. President Trump plans to move ahead with tariffs on $200 billion worth of Chinese imports as early as this week.
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