India, Aug. 19 -- Despite coming off early highs, the Canadian market remains firmly placed in positive territory around late morning trades on Wednesday, supported by strong gains in the materials sector. Real estate, communications and consumer discretionary stocks are among the other prominent gainers.
Shares from the financial sector are reeling under selling pressure.
The Trump administration's decision to temporarily halt new tariffs on a number of Canadian goods lifted sentiment this morning. On Tuesday, President Donald Trump said, "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of docume...