TSX index posts biggest single-day loss since April
Canada's TSX index slid 1.4% on Friday, closing at 29,850.89—the biggest single-day dip since April.
Even with strong job numbers at home, the index ended the week down 2%, thanks to renewed US-China trade drama rattling global markets.
Tech and energy stocks take a hit
Tech led the losses, dropping 4.3%, with Shopify shares sinking 8%.
Energy stocks fell too, down 3.3%, after oil prices dropped to $58.90 per barrel as cooling Middle East tensions weighed in.
Meanwhile, safer picks like utilities and consumer staples actually saw small gains.
Jobs data and Aritzia's strong performance
Canada added a solid 60,400 jobs in September—way more than expected—which makes an interest rate cut from the Bank of Canada less likely anytime soon.
On the bright side, Aritzia's stock jumped 8.1% after reporting strong results, showing that some companies are still finding ways to shine even in a choppy market.