Trade Tensions: P Tsx and Tariff Disputes

trade tensions: The S&P/TSX composite index closed up 98.06 points at 16,323.71 as materials stocks rebounded from heavy losses earlier this week, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS The potential easing of trade tensions has been well received by markets after tariff disputes between the U.S. and Turkey added to geopolitical stresses in recent days, said Philip Petursson, chief investment strategist at Manulife Investments. Markets reacted positively for a second day after the U.S. and China said they would hold trade talks in late August for the first time since early June. If we're getting a little more pleasant talk or pleasant surprises in terms of cooler heads coming to the table to discuss the trade positions a little more rationally, I think that's certainly a positive thing and the markets should take it as such. Friday's gains left the index down 0.02 per cent for the week. The S&P/TSX composite index closed up 98.06 points at 16,323.71 as materials stocks rebounded from heavy losses earlier this week. (news.financializer.com). As reported in the news.