India, June 11 -- Hopes of a smoother U.S.-China relations post London trade talks, triggered Canadian stocks to move higher on Wednesday.
Today, the Canadian benchmark stock market index, S&P/TSX Composite Index opened near yesterday's close and within a couple of hours reached an intraday high of 26,586.76.
However, unable to hold on the position, it fell to hit the day's low around noon. Later gaining momentum, the index rose to close at 26,524.16, up by 97.85 (or 0.37%). This is a new record high for index.
In a significant development following two-day talks between U.S. and Chinese officials in London to ease the tariff conflict, today the U.S. President Donald Trump stated that a deal with China has been done.
Trump added that U....