India, Aug. 13 -- Despite coming off early highs, the Canadian market remains in positive territory on Wednesday afternoon, supported by gains in consumer discretionary, communications and real estate sectors. Stocks from financial section are also faring reasonably well.

The mood is cautiously positive amid optimism the Federal Reserve will reduce interest rate in September, and the upcoming between meeting between U.S. President Donald Trump and Russian President Vladimir Putin could find a solution to end the war in Ukraine.

The benchmark S&P/TSX Composite Index, which climbed to a new record high at 28,063.73, was up 54.27 points or 0.19% at 27,875.53 a little while ago.

The Consumer Discretionary Capped Index is up 2.1%. Gildan Acti...