India, Aug. 29 -- Canadian stocks gained modestly on Friday, with strong earnings from banking stocks over the week generating buying interest along with the release of domestic economic data that has triggered rate cut expectations.
After opening just below yesterday's close, the benchmark S&P/TSX Composite Index rallied to an intraday high of 28,607.30 past noon and finally settled at 28,564.45, up by 129.65 points (or 0.46%).
Indicating the squeezing effects of US tariffs on Canadian exports, data released by Statistics Canada today revealed that Canadian GDP contracted by 1.6% on a seasonally adjusted, annualized rate in the second quarter 2025, with GDP declining by 0.4% from the first quarter. Real GDP edged down 0.1% month-on-month...