News of relaxed U.S. tariffs on smartphones and other electronics helped propel gains on Canadian and U.S. stock markets on Monday after last week’s dizzying ups and downs.
News of relaxed U.S. tariffs on smartphones and other electronics helped propel gains on Canadian and U.S. stock markets on Monday after last week’s dizzying ups and downs.
“The tariff news continues to really dominate headlines and trading,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd.
U.S. President Donald Trump has temporarily exempted electronics like smartphones and computers from some tariffs, which could ultimately more than double prices for U.S. consumers on products coming from China.
“We saw some rallying out of that,” Gardner said.
It’s not known how long the relief will last, but on Monday big tech names like Apple and Dell saw gains on Wall Street.
In Canada, the S&P/TSX composite index…
