© Reuters.
Investing.com – Canada’s main stock index, the S&P/TSX Composite continued to rally for a third consecutive session and continued near two year highs.
The commodity heavy Canadian index received a boost from miners, as prices jumped to their highest in seven months after a joint production cut agreed on by smelters in China. The also gained a boost from energy shares as crude prices rose after attacks on Russian refineries, hopes for Fed rate cuts, and healthy signs of demand in the U.S. as the EIS reported that weekly stockpiles fell by 1.5M barrels last week.
Wall Street’s main indices meanwhile were mixed, with the edging higher on commodities support, while tech stocks weighed on the and S&P 500. Investors are now awaiting key U.S. producer price index and retail sales data for February due Thursday, ahead of a rate-decision from the Federal Reserve next week.
Traders are currently a 60% chance of a…
