Canada’s main stock index rallied on Wednesday with financial and mining shares leading the way. Copper prices rose against a firmer U.S. dollar, while gold and crude oil prices also edged higher. Euro and Asian markets were split.
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The Dow Jones Industrial Average hit an all time high. The U.S. Federal Reserve kept interest rates unchanged for a third consecutive time as it concluded its final policy meeting of the year but hinted at future cuts.
The Canadian dollar traded for 74.06 cents U.S. compared to 73.59 cents U.S. on Tuesday.
U.S. crude futures traded $1.08 higher at $69.69 a barrel, and the Brent contract added $1.25 to $74.49 a barrel.
The price of gold was up US$38.31 to US$2,020.90.
In world markets, the Nikkei was up 82.65 points to 32,926.35, the Hang Seng was down 145.75 points to 16,228.75, the FTSE was up 5.67 points to 7,548.44, and the DAX was down 25.69 points to 16,766.05.
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