CANADA STOCKS-TSX gains on hopes of U.S.-China trade truce [Reuters]
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Source: Reuters
CANADA STOCKS-TSX gains on hopes of U.S.-China trade truce - Reuters 2 Min Read Oct 9 (Reuters) - Canada’s main stock index was set to snap a two-day losing streak on Wednesday, as latest media reports raised hopes that the United States and China would make progress in resolving their prolonged trade war during this week’s high-level talks. * China was open to a partial trade deal with the U.S., a Bloomberg report said, despite the recent blacklisting Chinese technology firms. * Adding to the upbeat mood, was a report by the Financial Times that Beijing was offering to increase its annual purchases of U.S. agricultural products. * The world’s top two economies are scheduled to begin their high-level trade talks on Thursday. * At 9:41 a.m. ET (13:41 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 57.4 points, or 0.35%, at 16,351.35. * Eight of the index’s 11 major sectors were trading higher. * The energy sector climbed 0.4% as U.S. crude prices were up 1.7% a barrel
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