US and Canadian stock markets rode a crazy roller coaster Wednesday. After a month of savage losses they plunged even further at the opening as China slapped billions in tariffs on US goods in retaliation to Trump surcharges announced last week. Analysts say the reversal was prompted by good earnings reports, an apparent happy distraction from the complete unknowns lurking in the US-China trade war. In Toronto, the TSX closed down but by just 16.39 points. Nonetheless, the Canadian index saw its lowest close in nearly eight-weeks as shares of financial and materials companies lost ground. The beating taken by stocks in recent weeks gives new meaning to the term Wall of Worry.
