TORONTO — Canada’s main stock index lost ground on Wednesday while U.S. markets rose amid sliding oil prices and hopes of a deal between the U.S. and Iran.
Ashish Utarid, assistant vice-president of investment strategy with IG Wealth Management, said consumer discretionary names were helping lift the market.
“You look at companies like Amazon up big, Tesla up big. These are big consumer discretionary names, Home Depot as well, it’s really showing a little optimism in the near term that energy prices and inflation will start to come down, but I’m not holding my breath right now.”
Amazon.com Inc. shares rose 2.47 per cent, while Tesla
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