India, June 18 -- Canadian stock edged higher on Wednesday, as investors were hopeful that the nation would make a favorable deal with the US as assured by their PM Mark Carney.
Today, the benchmark S&P/TSX Composite Index, after opening past yesterday's close, rallied for an hour hitting the day's high of 26,639.01. It continued to swing past noon after which it managed to settle at 26,559.85 up by 18.46 (or 0.07 percent).
Though the 90-day tariff reprieve set by US expires on July 9, Canadian PM Mark Carney's assertion post G7 summit that Canada and US are aiming for a trade deal within 30 days kept the hopes of investors alive today. No concrete details of the plan have emerged so far though.
On the external front, today the US Federa...