India, July 17 -- Canadian stocks moved sharply higher on Thursday as Prime Minister Mark Carney addresses the challenges confronting the economy from the US and hinted at measures to save domestic businesses.
After opening well above yesterday's close, the benchmark S&P/TSX Composite Index moved further into positive territory and reached an intra-day high of 27,422.42 before finally settling at 27,386.93, up by 233.96 (or 0.86%). This is a fresh record for the index.
Last week, accusing the Canadian government of failing to check illicit drugs entering into the US via US-Canadian borders, US President Donald Trump announced a 35% tariff on Canada's imports into the US.
This came as a shocker as, earlier in June, PM Mark Carney had stat...