India, Sept. 2 -- Canadian stock market posted modest gains on Tuesday as investors switched to "play-it-safe" mode ahead of key economic numbers later this week. Markets remained closed yesterday due to Labor Day Holiday.
After moving notably lower early in the session, the benchmark S&P/TSX Composite Index regained ground over the course of the session and ended the day at a new record closing high of 28,615.62, up by 51.17 points (or 0.18%).
Domestic growth data released last week gave rise to expectations of a rate cut by Bank of Canada. Notably, GDP for the second quarter of 2025 ended on June 30 contracted by 1.6%.
With the current rate remaining at 2.75% since March 2025, Bank of Canada's next "key" interest rate (the overnight ra...