© Reuters.
Investing.com –- Canada’s main stock index, the S&P/TSX Compositet tracked Wall Street indices higher, with the S&P 500 hitting a new all-time high.
Market sentiment in Canada however remained cautious ahead of a Bank of Canada , at which some analysts expect the BoC to lean hawkish following a surprisingly hot core domestic inflation read.
A majority of economists surveyed by Reuters expect the Canadian central bank to wait until at least June to begin cutting rates.
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Toronto Stock Market News
Tricon Residential (TSX:) jumped to the top of the today after 27.6% investment management company Blackstone (NYSE:) agreed to take the company private for $3.5 billion.
