Canadian stocks are notably higher Wednesday afternoon, with investors indulging in some bargain hunting after the sharp setback in the previous session. Positive cues from Wall Street and firm European stock, as well as some encouraging earnings updates are also contributing to market's rise.
Technology, industrials, consumer staples, consumer discretionary and financials shares are up with strong gains. Healthcare, communications and utilities stocks are also higher, while energy and materials shares are mostly subdued.
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