By Purvi Agarwal
(Reuters) -Canada’s main stock index climbed on Wednesday, boosted by materials and financial stocks, while investors awaited more clues on the interest rate cut trajectory of the Federal Reserve for the year.
At 10:02 a.m. ET (14:02 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 85.1 points, or 0.39%, at 22,160.2.
Materials-linked shares rose 0.9% as copper prices hit a two-week high, while gold prices took a breather after hitting a fresh record high. [GOL/] [MET/L]
Energy shares rose 0.5% and were set to extend their rally to a fifth session on gaining oil prices, as investors mulled supply risks stemming from global geopolitical conflicts, while OPEC+ ministers held current output cuts in a meeting. [O/R]
Heavy-weight financials also rose 0.7%, while healthcare shares gained 0.6%.
The benchmark Canadian index had pulled back from a series of record closing highs in the previous session, as…
