India, March 12 -- The Canadian market closed on a firm note on Wednesday, lifted by gains in energy and technology sectors.
The Bank of Canada's rate cut announcement, and tamer than expected U.S. consumer price inflation data contributed to the positive show by Canadian stocks.
Worries about tariffs and their impact on growth limited market's gains.
The U.S. Government's 25% tariff on all steel and aluminum imports took effect today, significantly impacting Canada, which is the largest foreign supplier of these metals to the United States.
The benchmark S&P/TSX Composite Index ended with a gain of 175.14 points or 0.72% at 24,423.34, nearly 100 points off the day's high of 24,516.28.
Transcontinental Inc. shares climbed 7.1% and Prop...