India, Feb. 10 -- Despite U.S. President Donald Trump's fresh tariff threats, the Canadian market stayed positive on Monday and closed on a strong note, as higher commodity prices and expectations of more monetary easing by a few central banks helped underpin sentiment.
Trump said over the weekend that he would announce new 25% tariffs on all steel and aluminium imports, raising fears of a brewing global trade war and its potential impact on the global economy.
Canada is among the largest sources of U.S. steel imports, and is also a major supplier of primary aluminum to the U.S.
The benchmark S&P/TSX Composite Index settled with a gain of 215.95 points or 0.85% at 25,658.86. The index scaled a low of 25,562.84 and a high of 25,720.63 int...