Investors weren’t making big bets in Wednesday trading, keeping Canada’s main stock index relatively stable and allowing for major growth. The TSX hit a new intra-day high at 22,065.90. The U.S. Federal Reserve voted to hold interest rates between 5.25 per cent and 5.50 per cent for a fifth consecutive meeting.
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The U.S. central bank kept interest rates unchanged at the conclusion of its two-day policy meeting. However, many investors still anticipate the Fed will start lowering rates in June. The central bank has kept rates at this 23-year high since July. All the major averages closed at all-time highs.
The Canadian dollar traded for 73.14 cents compared with 73.71 cents U.S. on Tuesday.
U.S. crude futures traded $1.63 lower at $81.84 a barrel, and the Brent contract lost $1.20 to $86.18 a barrel.
The price of gold was up US$28.80 to US$2,185.19.
In world markets, the Nikkei remained at 40,003.60, the Hang Seng was up 13.59 points to 16,543.07, the FTSE was down 0.92 of a point to 7,737.38, and the DAX was up 27.64 points to 18,015.13.
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