India, April 15 -- The Canadian market is up firmly in positive territory on Tuesday with investors picking up stocks, reacting to U.S. President Donald Trump signaling temporary exemptions from the 25% tariffs on auto and auto parts exported from Canada, Mexico and other countries to the U.S.

Data showing a drop in Canada's consumer price inflation is also aiding sentiment.

The benchmark S&P/TSX Composite Index was up 220.31 points or 0.92% at 24,086.84 a little while ago.

Data from Statistics Canada showed the annual inflation rate in Canada dropped to 2.3% in March from an eight-month high of 2.6% in the previous month.

The consumer price index increased 0.3% in March.

The annual core inflation rate in Canada fell to 2.2% in March 2...