The Canadian stock market staged a handsome recovery on Wednesday as the Trump administration granted large automakers, complying with the United States-Mexico-Canada Agreement, a one-month exemption from the recently imposed 25% tariffs on imports from Canada and Mexico. After witnessing massive losses in the previous two days, the S&P/TSX Composite Index climbed by 299 points, or 1.2%, yesterday to settle at 24,871 — marking the benchmark’s biggest single-day percentage gain in over four weeks.
As tariff concessions raised investors’ hopes of a potential de-escalation in trade tensions, all key TSX sectors staged a sharp recovery, primarily led by mining, consumer, and technology stocks.
Top TSX Composite movers and active stocks
Ivanhoe Mines (TSX:IVN) rallied by 12.8% to $14.48 per share, making it the top-performing TSX stock for the day. This rally in IVN stock came after the Vancouver-based mining firm posted strong…
