April 28 (Reuters) – Canada’s main stock index edged higher on Monday, led by gains in financial stocks, as investors anticipated more certainty regardless of the winner of the country’s general election, in which U.S. trade policies have been in focus.
Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), was up 0.4% at 24,803.38 points.
Canadians are going to the polls on Monday after an election campaign in which U.S. President Donald Trump’s tariffs and musings about annexing Canada became the central issue. Regardless of the winner, analysts and investors in the country expect a more business-friendly government.
The “Canadian economy wants certainty”, said Shiraz Ahmed, senior portfolio manager and founder of Sartorial Wealth, Raymond James.
“With the lingering uncertainty, regardless of what candidate wins, we will have that party’s policies, which will give some economic certainty from a domestic policy standpoint.”
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