India, Feb. 26 -- The Canadian market has pared most of its gains Wednesday afternoon, with investors largely reacting to earnings updates, and monitoring geopolitical developments.

Despite concerns about fresh tariffs, the market is positive as news about U.S. and Ukraine agreeing on a minerals deal is aiding sentiment.

The benchmark S&P/TSX Composite Index, which climbed to 25,441.73 around mid morning, gaining nearly 240 points, was up 93.75 points or 0.37% at 25,297.73 a little while ago.

Communications and energy stocks are weak, while materials and technology stocks are among the prominent gainers.

Aya Gold & Silver is up more than 7%. Celestica is up 5.8%, Maple Leaf Foods is gaining 4% and MAG Silver Corp is climbing up 3.7%.

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