India, April 9 -- Canadian stocks showed a lack of direction early in the session on Wednesday but skyrocketed in reaction to President Donald Trump's announcement of a 90-day tariff pause.
The benchmark S&P/TSX Composite Index spiked 1,220.13 points or 5.4 percent to 23,727.03, showing a substantial rebound after ending the previous session at its lowest closing level since last August.
The astonishing rally on Bay Street came after Trump's announcement on Truth Social, with the White House later clarifying tariffs would be brought down to a "universal 10 percent" on most countries, including Canada.
However, the pause will not apply to China, as Trump announced he is raising the tariff on the country to 125 percent due to the "lack of ...