Authorization

Energy, Cannabis Shares Lift TSX Into Positive Territory

(RTTNews) - The Canadian stock market recovered after a weak start Wednesday morning and was up marginally at noon, thanks to strong buying in healthcare and energy sections.

The weakness early on in the session was due to concerns about continued uncertainty about U.S.-China trade deal and worries about global economic slowdown.

Trade tensions escalated after U.S. President Donald Trump threatened on Tuesday that he would impose higher tariffs on Chinese goods if China failed to make a deal with the U.S.

Beijing was also upset with the U.S. senate for passing a bill certifying Hong Kong's autonomy and issuing a warning to China against violent action against protesters. Beijing has stated that it would retaliate if the U.S. does not stop interfering in China's internal affairs.

The benchmark S&P/TSX Composite Index, which declined to a low of 16,974.35 in early trades, was up 27.49 points, or 0.16%, at 17,038.89 around noon.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2022    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930
31