Firm commodity prices helped Canadian equities notch another positive session on Wednesday even as the Bank of Canada (BoC) held interest rates steady and signalled a cautious approach going forward, citing trade uncertainties. The S&P/TSX Composite Index climbed by 39 points, or 0.2%, to settle at 24,107 — extending its winning streak to four days.
On the one hand, some sectors, like industrials and healthcare, witnessed weakness amid lingering concerns about U.S. tariffs. On the other hand, strength in mining, energy, and utility stocks helped buoy the broader index as investors responded positively to firm metals prices.
During the latest monetary policy press conference, BoC Governor Tiff Macklem highlighted the volatile U.S. trade environment and its impact on growth and inflation expectations as key reasons for pausing further rate cuts. Nevertheless, he showed confidence that inflation could dip near 1.5% in April due to…
