The S&P/TSX Composite index rose 0.89% to close at 22,107 on Wednesday, following the positive trend in US equities, while markets digested the latest remarks from BoC officials.
Senior Deputy Governor Carolyn Rogers emphasized the urgency of addressing Canada’s declining labor productivity, signaling a need for accommodative monetary policy.
This dovish sentiment was echoed by some Governing Council members.
The financial sector gained 0.78%, while healthcare stocks soared by 3.92%.
Record-high gold prices also contributed to the index’s rise, with Barrick Gold shares climbing by 4.22%.
In corporate news, First Quantum Minerals jumped 6.83% after executives met with Chinese government officials to discuss funding and business options with top investor Jiangxi Copper, as reported by Reuters.
