The Globe and Mail reports in its Wednesday edition that U.S. and Canadian stocks closed solidly in positive territory on Tuesday, after seesawing between modest gains and losses in choppy trading as investors assessed the latest round of corporate earnings, economic data and more White House flip-flopping. A Reuters dispatch to The Globe says the S&P/TSX Composite Index finished at a near four-week high, aided by relief that the uncertainty of the Canadian general election is now in the rear-view mirror. U.S. Treasury Secretary Scott Bessent on Tuesday predicted China could lose 10 million jobs quickly due to tariffs, but signalled progress on trade deals with other countries, including Japan and India. U.S. President Donald Trump signed an order just before the closing bell on Tuesday that gives automakers building vehicles in the U.S. relief from part of his new 25-per-cent vehicle tariffs to allow them time to bring parts supply chains back home. The U.S. trade deficit in goods widened to a record high in March. The Toronto Stock Exchange ended up 75.89 points at 24,874.48. Both heavily weighted financials and consumer discretionary, which includes auto parts companies, added 0.9 per cent in Toronto.
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