India, March 28 -- The Canadian market is up in positive territory Thursday morning, led by gains in materials stocks thanks to a surge in gold prices. Energy and consumer discretionary stocks are finding some support, while shares from other sectors are turning in a mixed performance.
Data showing stronger than expected Canadian and U.S. GDP growth contribute to the positive mood in the market.
Canada's economy is expected to have grown by 0.4% in February 2024, with increases in mining, quarrying, & oil & gas extraction, manufacturing, and finance & insurance offsetting decreases in utilities.
In January, the GDP expanded by 0.6%, more than the preliminary estimate of 0.4%,
Another data from Statistics Canada showed average weekly ear...