The Canadian stock market resumed its rally on Wednesday after two days of minor declines, as the minutes from the Federal Reserve’s September meeting suggested a growing inclination towards easing monetary policy. Hopes of more rate cuts reignited optimism despite weakness in commodity prices, driving the S&P/TSX Composite Index up by 152 points, or 0.6%, to 24,225 — posting a fresh all-time high.
While all key market sectors, except healthcare, ended the session in green territory, the TSX rally was mainly driven by strong buying in riskier assets like technology, consumer discretionary, and industrial stocks.
The Fed’s latest meeting minutes revealed that, given progress toward inflation targets and balanced risks, most participants might consider more rate adjustments if economic data continues to align with current trends.
Top TSX Composite movers and active stocks
Shares of Bird Construction (TSX:BDT) popped nearly 12%…
