India, Aug. 27 -- Canadian stocks scaled a new peak on Wednesday as investors cheered stronger-than-expected earnings from banking stocks with stellar RBC results in focus.
After opening a little higher than yesterday's close, the benchmark S&P/TSX Composite Index moved up to trade firmly positive throughout the session while reaching an intraday high of 28,468.34 - a new record - less than half-hour before the close of session.
The index finally settled at a new record closing high of 28,433.00, up by 93.12 points (or 0.33%).
Slapped with 35% tariff on a majority of Canadian goods exported to the US, Prime Minister Mark Carney is seeking ways to better Canadian domestic businesses as well as to smoothen US-Canada trade talks.
Last week...