TORONTO — Canada’s main stock index finished higher on Wednesday, helped by strength in consumer cyclicals, while U.S. stock markets also rose as investors see more clarity on trade.
TORONTO — Canada’s main stock index finished higher on Wednesday, helped by strength in consumer cyclicals, while U.S. stock markets also rose as investors see more clarity on trade.
Philip Petursson, chief investment strategist at IG Wealth Management, said Wednesday’s trading session was an extension of what has occurred for the past couple of weeks.
“A lot of the volatility that was triggered from the uncertainty around tariffs earlier in the year, let’s say January through the beginning of April, has largely dissipated,” Petursson said.
He said markets can now guess what the outcome will be, “which is a deal with an existing tariff of somewhere between 10 and 20 per cent, depending on the country.”
“If that’s the known…
