Canadian Market Weak Amid Tariff Concerns and Losses.

Market slump hits Canadian stocks as tariffs loom. The bearish trend is fueled by new U.S. tariffs impacting trade with Canada, Mexico, and China.

Date: 04-03-2025

AI Rating: 4

Earnings Per Share (EPS)
Wajax Corporation reported a decline in EPS, with fourth quarter net earnings of C$0.05 per share, down from C$0.52 per share. This significant drop likely signals investor concerns regarding the company's profitability and may lead to decreased investor confidence.
Net Income
Wajax's net income fell dramatically from C$11.1 million to C$1.0 million, a substantial negative change that could weaken the company's stock performance and market perception.
Market Reaction and Broader Impacts
The overall market sentiment is bearish. The S&P/TSX Composite Index is down 292.03 points, demonstrating that the market is responding negatively to the implications of new tariffs. Financial sectors are particularly underperforming. The widespread decline among various stocks, including significant drops from Wajax Corporation and other major firms, indicates deteriorating market conditions driven by external trade tensions. This could affect stock prices as investors react to the lower profitability and economic forecasts overall.

Stocks: WJX CIBC MFC SJ GSY ONEX MG GIL RY WSP SHOP MX SU KXS ENB