Industrials Sector: Banks Backstopping and Canadian Stocks

industrials sector: Canadian stocks closed higher with the industrials sector leading a broad rally, according to The Toronto Star. Darren Calabrese / THE CANADIAN PRESS We're in sort of a changing, evolving landscape here where we're not going to have central banks backstopping the markets for the foreseeable future. The gains across North American markets came after a rocky stretch in recent weeks as investors digest a changing reality for equity, Candice Bangsund, portfolio manager for Fiera Capital. This is something that markets are definitely not used to, she said. Article Continued Below We are in correction territory. The easing of support as central banks raise rates comes as companies begin to warn of rising labour and material costs and the impacts of tariffs, which, combined with trade fears with China, have rattled markets in recent weeks. (news.financializer.com). As reported in the news.