India, March 5 -- The Canadian market is up firmly in positive territory Wednesday afternoon, led by strong gains in materials, technology, consumer discretionary and industrials sectors.
The mood remains positive following U.S. Secretary of Commerce Howard Lutnick hinting at some potential adjustments for U.S. tariffs on Canada and Mexico, noting that carve-outs for some industries are a possibility. "There are going to be tariffs, let's be clear," Lutnick reportedly told Bloomberg Wednesday morning in a live interview. "It will be 25% but.....there will be some categories left out; it could well be autos, could be others as well," he said.
The benchmark S&P/TSX Composite Index, which opened slightly weak, remained a bit sluggish till no...