India, Aug. 5 -- The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.
Friday's weak U.S. non-farm payroll data has fueled hopes the Fed will cut interest rate soon to boost growth.
Materials, healthcare, information technology, consumer, industrials and financials shares have moved up sharply. Several stocks from real estate and utilities sectors are also up with strong gains.
The benchmark S&P/TSX Composite Index was up 547.94 points or 2.03% at 27,568.37 a little while ago.
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The Materials Capped Index is up 5.4%. The Healthcare Capped I...