Canada’s main stock index was on track for a three-day winning streak on Wednesday, led by gains in energy and healthcare stocks, while investors grew optimistic that major central banks could begin cutting interest rates in the upcoming year. U.S. stocks edged higher as well, with the S&P 500 inching closer to its all-time high.
In morning trade, the Toronto Stock Exchange’s S&P/TSX composite index was up 128.69 points, or 0.62%, at 21,009.88, hovering at eighteen-month high levels.
Top gainer health care sector added 2.6%, touching its highest level in over three months as cannabis stock Tilray Brands jumped 6.6%.
The energy sector gained 1.3% despite a downturn in crude prices.
The materials sector, which includes metals miners and fertilizer companies, added 0.3% on higher prices of most base metals after data showed manufacturing activity in top consumer China improved last month, while a weak U.S. dollar also lent support to…
