Canada’s main stock index rose on Wednesday as hopes of a de-escalation in the U.S.-China trade war firmed, while investors awaited the Federal Reserve’s interest rate decision due later in the day.
The Toronto Stock Exchange’s S&P/TSX composite index TSX mirrored gains in its Wall Street peers, advancing 0.3% to 25,055.30 points.
Washington announced late on Tuesday that representatives of the U.S. and China will meet over the weekend in Switzerland for talks, which could lead to the first step in resolving a trade war disrupting the global economy.
“If we have a positive day in the U.S., we may have a moderately positive day in Canada,” said Colin Cieszynski, chief market strategist at SIA Wealth Management.
Meanwhile, Canadian Prime Minister Mark Carney visited the White House on Tuesday for his first meeting with U.S. President Donald Trump and termed the discussion as constructive.
Trump told reporters the meeting was…
