India, June 30 -- Canadian stocks rose on Monday, buoyed by the announcement by the Finance Ministry that US-Canada trade talks have been renewed with an aim toward clinching a trade deal sooner.
After opening higher than the last session, the benchmark S&P/TSX Composite Index, today inched up its way to reach a record closing high of 26,857.11, up by 164.79 (or 0.6%).
Earlier this month, following the G7 Summit in Alberta, PM Mark Carney had stated that the US and Canada were discussing a new trade deal. Though no further details emerged, throughout the month, investors factored in that negotiations were going on.
Last week, backed by the trade talks and cheered by the truce between Israel and Iran, Canadian stock market actively moved ...