India, Aug. 21 -- Canadian stocks climbed to a new record higher on Thursday, with attention shifting to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday.
After opening a little lower than yesterday's close, the benchmark S&P/TSX Composite Index fell to day's low , within minutes but quickly bounced back. The carried the upward momentum throughout the session to settle at 28,055.43, up by 176.67 points (or 0.63%). Notably, this is a fresh record for the index.
According to the data released by Statistics Canada today, Canada's industrial producer prices rose 0.7% month-over-month in July, while prices jumped 2.6 percent year-over-year.
The Raw Materials Price Index increased 0.3% month-over-mo...