India, July 23 -- Canadian stocks rose on Wednesday, tracking positive cues on the tariff front as US confirmed major trade deals with Japan and the Philippines.
Opening just below yesterday's close, the benchmark S&P/TSX Composite Index swung today for the most part when it reached an intra-day high of 27,462.75 by mid-afternoon. Travelling lower from there, it finally settled at a fresh record high of 27,416.41, up by 51.98 (or 0.19%).
US President Donald Trump announced a trade pact between the US and Japan under which Japanese imports will face 15% tariff against the earlier said 25%.
As Trump also confirmed a tariff framework done with Philippines, with the August 1 deadline for "reciprocal tariff" suspension period nearing, the new...