Premarket: Stocks fall, gold gains after Trump sets tariff sights on Canada

News Snapshot:

Global stocks fell on Friday after U.S. President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like gold, while bitcoin hit a new record high. The Canadian dollar fell after Trump issued a letter late on Thursday that stated a 35-per-cent tariff rate on all imports from Canada would apply from Aug. 1, adding the European Union would receive a letter by Friday. The U.S. president, whose global wave of tariffs has upended businesses and policymaking, floated a blanket tariff rate of 15 per...