© Reuters.
Investing.com — Canada’s main stock index, the S&P/TSX Composite rallied on Wednesday, tracking Wall Street higher after prepared comments fromprovided assurance that interest rate cuts were coming this year.
The commodity heavy also gained support from miners as prices touched a new all time high.
The meanwhile kept its key overnight rate steady at 5%, as had been widely expected. However, the BoC’s messaging lacked the dovish tilt markets had been hoping for, leading traders to further push back rate cut expectations from June to July.
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Toronto Stock Market News
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