Futures for Canada’s main stock index closed lower on Wednesday after the Bank of Canada announced a quarter-percentage point rate hike to 4.75 per cent, the highest it’s been since 2001. While half of sectors fell, energy, utilities, industrials, and telecom ended higher.
US stock futures were split after the S&P 500 notched its highest closing level of 2023. Last week’s blowout rally was followed by an uptrend for the S&P in the previous session.
| TSX | 19,983.69 | -71.91 |  |
| TSXV | 612.18 | -0.30 | |
| CSE | 161.38 | +2.44 |  |
| DJIA | 33,665.02 | +91.74 | |
| NASDAQ | 13,104.90 | -171.52 | |
| S&P 500 | 4,268.44 | -15.41 | |
The Canadian dollar traded for 74.78 cents US, compared to 74.60 cents US on Tuesday.
US crude futures traded $0.87 higher at $72.61 a barrel, and the Brent contract gained $0.68 to $76.97 a barrel.
The price of gold was down US$22.04 to US$ 1,941.27.
In world markets, the Nikkei was down 593.04 points to 31,913.74, the Hang Seng was up 152.72 points to 19,252.00, the FTSE was down 3.76 points to 7,624.34, and the DAX was down 31.88 points to 15,960.56.
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