India, June 24 -- The Canadian stock market rallied higher on Tuesday posting moderate gains with investors returning to riskier assets, cheered by the news of a ceasefire between warring Israel and Iran.
The benchmark Canadian stock market index S&P/TSX Composite, today after opening at yesterday's close, dropped to day's low soon, but immediately gathered momentum to move upwards throughout the day.
Reaching an intra-day high of 26,780.19 an hour before close, the index managed to settle at 26,718.62, up by 109.26 (or 0.41 percent).
This is a new record high for the index. Notably, over the past 4 weeks, it has gained 2.3%.
The Middle East conflict between Israel and Iran which began on June 12th came to an end - at least for now - as...