Defensive shares bolstered Canada’s main stock index to a triple-digit close into positive territory, despite fluctuating shares by the world’s largest cannabis producer, Canopy Growth (T.WEED) who announced the termination of its CEO. Health care was higher along with financials, whole the energy sector fell. Wall Street stocks benefited from a shorter session, as the major indexes closed at record highs on eager anticipation of a more dovish turn from the Federal Reserve following data showing evidence of a slowing economy. However, the benchmark US 10-year Treasury Note yields fell to its lowest since November 2016, while euro zone yields tumbled to record lows.
The S&P/TSX Composite Index was up 105.23 points to 16,576.52, and the TSX Venture Exchange was up 0.70 of a point to 586.16.
The Canadian dollar traded for 76.45 cents US compared with an average of 76.25 cents US on Tuesday.
Crude oil prices were up $1.08 to $57.33.
The price of gold was up $14.08 to $1,418.68.
In U.S. markets; the Dow grew 179.32 points to 26,966.00, the S&P 500 jumped 22.81 points to 2,995.82 and the NASDAQ rose 61.14 points to 8,170.23.
In world markets; the Nikkei fell 115.49 points to 21,638.16, the Hang Seng slipped 20.41 points to 28,855.14, the FTSE gained 50.46 points to 7,609.32, and the DAX increased 90.16 points to 12,616.24.