The ongoing recovery in Canadian stocks picked up the pace on Wednesday after the U.S. Federal Reserve announced its decision to hold interest rates steady for the second consecutive time, leading to renewed buying in growth stocks. That’s why, despite weakening commodity prices, the S&P/TSX Composite Index inched up by 206 points, or 1.1%, in the last session to settle at 19,079, posting its biggest single-day gains in three weeks.
While all key market sectors ended the session in the green territory, the TSX rally was primarily driven by strong gains in utility, consumer, real estate, and technology stocks.
Top TSX Composite movers and active stocks
Shares of Brookfield Infrastructure Partners (TSX:BIP.UN) jumped by 10.8% yesterday to $34.78 per share, making it the top-performing TSX stock for the day. This rally in BIP stock came after the global infrastructure giant announced its quarterly…
