The Market Online brings you the news as the Canadian Markets Close.
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00:00Let's see how markets in Toronto perform today.
00:05Canada's main stock index dropped on Wednesday as investors awaited significant U.S. economic data,
00:11which marks the end of a volatile month influenced by U.S. trade policy.
00:16Back on Tuesday, U.S. President Donald Trump signed two orders to mitigate the impact of his auto tariffs.
00:22That offered credits and relief from other levies on materials,
00:26while maintaining the 25% tariffs on imported vehicles.
00:30Meanwhile, Prime Minister Mark Carney's Liberal Party, which retained power in Monday's election,
00:34has committed to boosting the economy amid the trade war through increased infrastructure spending.
00:40The TSX finished just 32 points lower by the end of the day, and the venture just lost over a point.
00:47Things were better on Wall Street, where the Dow stretched its win streak to seven days thanks to 141 jumps today,
00:53and the Nasdaq rose 26 points.
00:55The top gaining stocks in the TSX on the day were
01:03Carnalite Resources, up 40%,
01:06Ellis Nutrition raised 33%,
01:09and Flintcorp was up 25%.
01:11As for the stocks that had the biggest drop,
01:17Extro Technologies lost 25%,
01:20Bosch & Lom was down 15%,
01:22and Avalon Advanced Materials gave up 14%.
01:25That's it for this market update.
01:27Thanks again for watching.
01:28I'm Jonathan Brown, and I'll see you next time.