Amid a broad sell-off, Canada’s main stock index closed on the higher side of flat on Wednesday to start the month as investors assessed the U.S. Federal Reserve’s latest interest rate decision. Utilities led the gainers on the TSX while energy led the drop on falling oil prices, followed by the mining sector.
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U.S. markets were split with the Dow Jones leading a solid charge as the central U.S. bank held interest rates steady. Traders are looking for clues on what needs to happen before rates calm down.
The Canadian dollar traded for 72.70 cents compared with 72.66 cents U.S. on Tuesday.
U.S. crude futures traded $2.72 lower at $79.21 a barrel, and the Brent contract lost $2.80 to $83.59 a barrel.
The price of gold was up US$24.49 to US$2,315.19.
In world markets, the Nikkei was down 131.61 points to 38,274.05, the Hang Seng remained at 17,763.03, the FTSE was down 22.89 points to 8,121.24, but the DAX was down 186.15 points to 17,932.17.
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