India, July 16 -- Canadian stocks rose closer to previous record highs on Wednesday amid flat US PPI data along with resilient Canadian housing activity.
Opening higher than yesterday's close, the benchmark S&P/TSX Composite Index dropped until just before noon. Later, it picked up momentum to rise and hit an intraday high of 27,159.87 before settling at 27,152.97, up by 98.83 (or 0.37%).
US trading partners are working hard and fast to strike balanced deals as the "reciprocal tariff" suspension period is ending by August 1.
Last week, accusing the Canadian government of failing to control illicit drug entry into the US via the US-Canadian borders, US President Donald Trump announced 35% tariffs on Canada.
Canadian officials are explori...