Canada's main stock market kept rising Wednesday for a third straight day as the United States and China are reportedly working toward a trade deal, soothing fears of an all-out trade war.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index soared 199.58 points, or 1.37 percent, to close the day at 14,804.73 points.

The Canadian dollar gained 0.2 cent at 0.7567 U.S. dollar.

On the market, a total of 212 issues rose while 25 fell. There were three new highs and no new lows, with total volume of 265.5 million shares.

The energy group added 2.89 points, or 2 percent while the financials sector rose 4.07 points, or 1.49 percent.

The largest percentage gainers on the market was First Quantum Minerals, which rose 5.3 percent to 11.40 Canadian dollars.

Aphria Inc. gained 52 cents, or 6.19 percent, to 8.92 Canadian dollars.

Enbridge Inc. added 33 cents, or 0.73 percent, to 45.70 Canadian dollars.

The most heavily traded shares by volume were Aurora Cannabis Inc., Encana Corp. and Bombardier Inc..

Aurora Cannabis Inc. rose 49 cents, or 7.34 percent, to 7.17 Canadian dollars on 16.4 million shares.

Encana Corp. climbed 4 cents, or 0.47 percent to 8.55 Canadian dollars on 13.6 million shares.

Bombardier Inc. jumped 14 cents, or 6.5 percent, to 2.28 Canadian dollars on 11.6 million shares.