Canada’s main stock index rose on Wednesday, achieving broad gains despite earlier declines in energy stocks. The technology sector spearheaded the gains on the TSX, driving the index to a new intraday high.
Meanwhile, U.S. traders reviewed the latest meeting minutes from the Federal Reserve. The September consumer price index is scheduled for release on Thursday, followed by the producer price index on Friday, coinciding with the start of the big banks’ earnings season.
The Canadian dollar traded for 72.90 cents U.S. compared with 73.25 cents U.S. on Tuesday.
U.S. crude futures traded $0.31 lower at $73.26 a barrel, and the Brent contract lost $0.55 to $76.63 a barrel.
The price of gold was down US$14.63 to US$2,607.59.
In world markets, the Nikkei was up 340.42 points to 39,277.96, the Hang Seng was down 289.55 points to 20,637.24, the FTSE was up 53.13 points to 8,243.74, and the DAX was up 191.25 points to 19,257.72.
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