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

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…