India, Aug. 6 -- Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
The S&P/TSX Composite Index, which climbed to 27,955.55 earlier in the session, was up 333.77 points or 1.21% at 27,903.85 about half an hour past noon.
The Information Technology Capped Index is up nearly 5%. Shopify Inc. shares are soaring nearly 20% on buoyant results.
Shopify Inc. reported second quarter net income of $906 million, up sharply compared to $171 million last year. For t...