The Globe and Mail reports in its Saturday edition that the Canadian dollar sold off Friday afternoon as U.S. President Donald Trump, in a Truth Social posting, said he is terminating all discussions on trade with Canada over Ottawa's plans to push ahead with a digital services tax at the end of the month. The unbylined item says the Toronto Stock Exchange also sold off, ending in the red, after earlier Friday reaching a record intraday high. Stocks on Wall Street came off their highs on the news as well, but still ended in positive territory. Both the S&P 500 and Nasdaq closed at all-time highs. The loonie fell about half a cent to 72.68 U.S. cents after Mr. Trump's comments. It later retraced some of those losses, trading near 72.92 by 4 p.m. ET. Canadian bond yields also ticked lower across the curve. The Dow rose 432.43 points to 43,819.27, the S&P 500 gained 32.05 points to 6,173.07 and Nasdaq gained 105.55 points to 20,273.46. All three major U.S. stock indexes posted weekly gains. Upon reaching its record closing high, the tech-heavy Nasdaq confirmed it entered a bull market when it touched its low point on April 8. The blue-chip Dow remained 2.7 per cent below its record closing high reached on Dec. 4.