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Toronto Stocks Edge Lower; Canada Car-Parts Makers Down on U.S. Tariffs

Dow Jones03-28

By Adriano Marchese

Toronto stocks were slightly lower midday Thursday.

President Trump announced additional tariffs of 25% on all cars not made in U.S., suggesting that the tariffs as permanent after going into effect on April 3.

Sector performance was mixed in the session. The biggest laggards were in tech, manufacturing and tech services, which were offset by gains primarily in process industries, communications and materials.

Canada's S&P/TSX Composite Index fell 0.1%, to 25145.28, and the blue-chip S&P/TSX 60 declined by 0.2%, to 1508.85.

Shares in Canada's auto-parts makers were trading lower after Trump said he would impose his latest tariff plan on all foreign-made cars and trucks. Magna International shares fell 7.5%, to 49.75 Canadian dollars (US$34.87); Linamar fell 3.3%, to C$51.30; and Martinrea International, the smallest of the three, declined by 2.3%, to C$7.52.

Other market movers:

Discount retailer The Reject Shop said it has agreed to a takeover offer by Canada's Dollarama which values its equity at 259 million Australian dollars (US$163.1 million). Dollarama shares rose by 1.2%, to C$149.68.

Bausch + Lomb shares fell 10%, to C$14.05, after it said it recalled its intraocular lenses after receiving reports of cases inflammation.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 27, 2025 12:20 ET (16:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The biggest laggards were in tech, manufacturing and tech services, which were offset by gains primarily in process industries, communications and materials. \n\n\n  Canada's S&P/TSX Composite Index fell 0.1%, to 25145.28, and the blue-chip S&P/TSX 60 declined by 0.2%, to 1508.85. \n\n\n  Shares in Canada's auto-parts makers were trading lower after Trump said he would impose his latest tariff plan on all foreign-made cars and trucks. Magna International shares fell 7.5%, to 49.75 Canadian dollars (US$34.87); Linamar fell 3.3%, to C$51.30; and Martinrea International, the smallest of the three, declined by 2.3%, to C$7.52. \n\n\n \n\n\n  Other market movers: \n\n\n  Discount retailer The Reject Shop said it has agreed to a takeover offer by Canada's Dollarama which values its equity at 259 million Australian dollars (US$163.1 million). 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