TORONTO — Canada’s main stock index closed up along with U.S. markets on a choppy day that showed hints of cooling trade tensions while the head of the U.S. Federal Reserve warned of rising risks.
The S&P/TSX composite index closed up 186.46 points at 25,161.18 as most sectors rose, led by technology and industrials.
The energy sector saw mixed results as the price of crude was under pressure again. Suncor Energy Inc. was down 2.8 per cent after reporting earnings, while Enbridge Inc. was up 1.84 per cent.
Investor focus was likely more drawn to the U.S. however as the Federal Reserve made its latest rate decision.
The central bank kept its key rate unchanged, while Fed chair Jerome Powell warned U.S. tariffs could lead to slower economic growth and rising unemployment.
The Fed commentary showed a bit of a shift in tone, said Michael Greenberg, portfolio manager for Franklin Templeton Investment Solutions.
“They did…
