By Adriano Marchese
Toronto-listed stocks were higher Monday mid-trading while U.S. markets remained closed for Martin Luther King day, also the inauguration of Donald Trump as president.
Markets got a lift from a report that Trump won't impose tariffs on the first day of his presidency, but instead will direct departments to research its trade relations to Canada, China and other trade partners.
Most stocks were pushing higher in mid-session, with the largest gains in the tech, health-services and health-tech sectors. Only tech services, process industries and consumer discretionary stocks were lagging.
Canada's S&P/TSX Composite Index was 0.4% higher at 25156.33 and the blue-chip S&P/TSX 60 rose 0.3% to 1509.00.
Bombardier shares rose 8.6% to 95.71 Canadian dollars ($66.11) after The Wall Street Journal reported that suggested Trump is planning to further evaluate the tariffs on Canada and other trade partners instead of imposing tariffs on day-one, a boon for the jet manufacturer.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 20, 2025 12:13 ET (17:13 GMT)
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