And as we know, the highest trading volume since January 2022. GLTA
The Bank of Canada announced Wednesday that it will hold its lending rate at 4.5%. The TSX rose modestly on the news, finishing 0.35% higher. Tech and industrials led while financials were flat.
Making outsized movers were ECN Capital soaring 16.56% after announcing a strategic review, Pollard Banknote up 14.36% and Nuvei jumping 11.76% after topping estimates in its latest quarter. Elsewhere, Transcontinental closed -8.04% and Labrador Iron Ore -7.7%. Both WTI and WCS advanced more than $1 per barrel to $76.50 and $60.70 respectively.
Wall Street enjoyed modest gains, albeit mixed. The S&P added 0.14% to nearly reach 4,000, the Nasdaq 0.4%, and the Dow -0.18% to stay below 33,000. Once again, Tesla saw the greatest volumes, declining 3.04%. Other influential names were AMD up nearly 4%, Nvidia 3.83%, Lumen -2.89% and Regeneron -3.7%. The U.S. Fed’s Jerome Powell said that the bank has not decided on its next interest rate move. The U.S. 10-year yield held steady right below 4.% while Bitcoin also remained unchanged at $22,000.