immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Morning Trading: Trade Front and Candice Bangsund

morning trading: A published report said U.S. President Donald Trump may delay imposing tariffs on Mexico in order to negotiate immigration issues, according to CTV. Investors continue to digest a flurry of headlines on the trade front and are in search of clarity as to whether President Trump will make good on his threat to place a five per cent tariff on Mexican goods which are set to go into effect on Monday she wrote in an email. The Toronto exchange opened higher in morning trading but pared the gains and underperformed U.S. market which rose more strongly on positive trade signals, says Candice Bangsund, portfolio manager for Fiera Capital. Trump also said he'll hold off on tariffs on a further US 325 billion of Chinese imports until after the G20 Summit at the end of June, but added he could impose them if necessary. The S&P/TSX composite index was up 15.14 points at 16,227.80 after hitting an intraday high of 16,241.58. The latest escalation in the global trade debacle has brought into question the health of the global economy and boosted speculation for increased stimulus from global central banks, Bangsund added. (www.immigrantscanada.com). As reported in the news.