canadian stocks decline as loonie rises amid trudeau resignation announcement
Canadian stocks fell 0.3% as Prime Minister Justin Trudeau announced plans to resign, creating uncertainty in the market. The S&P/TSX composite index dropped 73.75 points, with eight of ten sectors declining, while the loonie rose 0.8% against the U.S. dollar, reaching a near three-week high. Economic data indicated a downturn in the services sector, influenced by a postal workers' strike.
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