India, May 12 -- The Canadian market remains in positive territory Monday afternoon as stocks from several sectors hold on to their early gains. The mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.
Following negotiations in Switzerland over the weekend, the world's largest and the second-largest economies have agreed to suspend most tariffs on each other's goods for 90 days, and slash rates going forward.
As per the announcement by the two countries, the U.S. tariffs on Chinese goods will fall to 30% from 145% while Chinese duties on U.S. imports will fall to 10% from 125%.
Materials stocks are down sharply with weak bullion prices triggering a sell-off in the sector.
The ...