Canada’s main stock index scaled an all-time high on Wednesday, bolstered by ongoing optimism surrounding a September U.S. Federal Reserve interest rate cut.
At 9:50 a.m. ET (1350 GMT), the Toronto Stock Exchange’s S&P/TSX composite index TSX was up 0.39% at 28,028.83 points.
The move builds on the benchmark index’s record close on Tuesday after the July CPI report from the U.S. suggested a limited impact of tariffs on prices and reinforced bets for the Federal Reserve rate cut in September.
Traders have fully priced in a September rate cut and view at least two reductions by the end of 2025, according to the CME Group’s FedWatch tool.
“People are focusing more on things like the U.S. interest rate cuts, Trump and Putin meeting on Friday, the U.S. either resolving or delaying some of their tariff threats,” said Colin Cieszynski, chief market strategist at SIA Wealth Management.
“We’re seeing equity markets continue to do well, people…
