S&P/TSX composite up more than 200 points, U.S. markets also surge

TORONTO — Canada’s main stock index and U.S. markets surged after U.S. President Donald Trump said he would not attempt to fire the head of the Federal Reserve and U.S. Treasury Secretary Scott Bessent commented that he expects a “de-escalation” in the trade war with China. The S&P/TSX composite index was up 201.64 points at 24,507.62. In New York, the Dow Jones industrial average was up 750.08 points at 39,937.06. The S&P 500 index was up 125.10 points at 5,412.86, while the Nasdaq composite was up 564.57 points at 16,864.99. The Canadian dollar traded for 72.11 cents US compared with…