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Investors drew confidence from projections of interest rate cuts to come
TORONTO — The last trading day of the year saw Canada’s main stock index nudge up, rounding out a climb of nearly eight per cent throughout 2023 as investors drew confidence from projections of interest rate cuts to come.
On Friday, gains in the industrials and utilities sectors pushed the S&P/TSX composite index up 29.06 points to close at 20,958.44, even as U.S. markets dipped.
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