Canada’s main stock index opened higher on Wednesday, pulled up by materials and tech stocks tracking higher prices of precious metals, while investors awaited fresh cues on the timing of interest rate cuts by central banks.
The TSX Composite charged 155.85 points to begin Wednesday at 21,798.72.
The Canadian dollar dipped 0.17 cents at 72.36 cents U.S.
Aecon Group was due out with its first-quarter earnings after the markets close, likewise Alamos Gold.
Aecon shares advanced 11 cents to $16.68, while those for Alamos captured 37 cents, or 1.8%, to $20.95.
On the economic slate, Statistics Canada reported Canadian investors acquired $24.2 billion of foreign securities in February, led by an all-time high investment in foreign bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $8.8 billion, led by a record…
