TORONTO — Strength in the base metal sector helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower after U.S. Commerce Secretary Howard said he expects President Donald Trump will make an announcement on his tariffs on Canada and Mexico this afternoon.
Stock markets fell Tuesday after the U.S. imposed crippling tariffs on Canada and Mexico.
However, the S&P/TSX composite index was up 62.67 points at 24,634.67 today after Lutnick suggested that some categories of goods including the auto sector might be exempted from the tariffs if they comply with rules under the United States-Mexico-Canada Agreement.
In New York, the Dow Jones industrial
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