Canada’s main stock index continued its gaining ways on Wednesday. Energy stocks were back leading growth on the TSX but that only staved off a deep split among half of the indices. The Bank of Canada announced a 25-basis point cut to its key benchmark rate, its sixth-straight rate cut, bringing it down to 3.0 per cent.
US markets dropped as traders turned toward the first Federal Reserve interest rate decision of the year. Nvidia (NASDAQ:NVDA) lost the momentum from the previous session’s gains, ending the day nearly 5 per cent lower
The Canadian dollar traded for 69.34 cents US compared to 69.45 cents US on Tuesday.
US crude futures traded $0.85 lower at US$72.92 a barrel, and the Brent contract lost $0.69 to US$76.80 a barrel.
The price of gold was down US$4.44 to US$2,755.81.
In world markets, the Nikkei was up 397.91 points to ¥39,414.78, the Hang Seng remained at HK$20,225.11, the FTSE was up 23.94 points to ₤8,557.81, and the DAX was up 206.95 points to €21,637.53.
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(Top image generated with AI.)