S&P/TSX composite falls nearly 170 points, U.S. markets were mixed
On July 30, 2025, the S&P/TSX composite index fell by 169.92 points to 27,369.96 amid economic uncertainty and tariff pressures, while U.S. markets were mixed. Both the Bank of Canada and the U.S. Federal Reserve kept interest rates steady, with Bank of Canada Governor Tiff Macklem citing resilience in the Canadian economy but warning of lasting damage from U.S. tariffs. U.S. President Donald Trump announced a new 50% tariff on copper imports, heavily impacting Canadian mining stocks like Hudbay Minerals and Capstone Copper. The threat of further tariffs has created market volatility, as investors weigh unresolved trade negotiations and future monetary policy moves.
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