India, Aug. 5 -- The Canadian market rose to a new record high Wednesday morning, lifted by strong gains in materials, technology and consumer discretionary sectors. Energy, industrials and consumer staples stocks shed ground, limiting market's upside.
Fairly buoyant earnings updates and optimism about U.S.-Iran peace talks contributed to market's rise.
The benchmark S&P/TSX Composite Index, which climbed to 36,443.29 this morning, was up 367.80 points or 1.03% at 36,169.39 about a quarter past noon.
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