Wednesday saw Trump resume his on-again, off-again tariff war as he doubled steel and aluminum tariffs to 50%. Prime Minister Mark Carney hinted at retaliation. Meanwhile, mixed signals in the wider economy led the Bank of Canada today to hold the key lending rate at 2.75%. <\/p>\n\n\n\n
Given the news, markets were mixed. The TSX declined 0.37% as only healthcare and three other sectors gained. Energy and staples led the laggards. Notable were CNQ<\/a> at -1.92%, Suncor<\/a> -1.86%, Cenovus<\/a> -4.56%, Algonquin Power<\/a> -4.92% and Lundin Mining<\/a> jumping 4.15%. Gold rose US$19 to US$3,372 while WTI crude slid 1.1% to US$62.75.<\/p>\n\n\n\n On Wall Street, the S&P was flat, while the Nasdaq climbed 0.32% and the Dow sank 0.22%. Major movers included the semiconductor stocks ON<\/a>, spiking 6.14%, and NXP<\/a> up 5.56%. Tesla<\/a> skidded 3.55%, Palantir<\/a> slipped 2.37% and Dollar Tree<\/a> tanked 8.37%. The U.S. 10-year yield tumbled to 4.357%. Bitcoin declined 1% to US$104,725.<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.92%<\/p>\n\n\n\n 🛢 Suncor Energy Inc\u00a0(SU-T)<\/a> -1.86%<\/p>\n\n\n\n 🛢 Cenovus Energy\u00a0(CVE-T)<\/a> -4.56%<\/p>\n\n\n\n 💡 Algonquin Power & Utilities Corp\u00a0(AQN-T)<\/a> -4.92%<\/p>\n\n\n\n ⛏ Lundin Mining Corp.\u00a0(LUN-T)<\/a> +4.15%<\/p>\n\n\n\n 🧬 ON Semiconductor\u00a0(ON-Q)<\/a> +6.14%<\/p>\n\n\n\n 🧬 NXP Semiconductors\u00a0(NXPI-Q)<\/a> +5.56%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.55%<\/p>\n\n\n\n 💾 Palantir Technologies\u00a0(PLTR-Q)<\/a> -2.37%<\/p>\n\n\n\n