Canada’s main stock index rose on Wednesday, recovering from the previous session’s losses, as investors took stock of the US Federal Reserve’s move to keep interest rates steady.
The recent G7 summit concluded without a clear consensus among member nations on how to address the ongoing conflict in Ukraine, although Canada pledged additional support for the country.
Earlier this week, Prime Minister Mark Carney announced that he and US President Donald Trump had agreed to aim for finalizing a new economic and security agreement between their countries within the next 30 days.
The Canadian dollar traded for 73.01 cents US compared to 73.19 cents US on Tuesday.
US crude futures traded $0.27 higher at US$75.11 a barrel, and the Brent contract rose $0.01 to US$76.45 a barrel.
The price of gold was down US$23.46 to US$3,365.96.
In world markets, the Nikkei was up 348.41 points to ¥38,885.15, the Hang Seng was down 269.61 points to HK$23,710.69, the FTSE was up 9.44 points to ₤8,843.47, and the DAX was down 116.84 points to €23,317.81.
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