Canada’s main stock index was flat on Wednesday, as investors assessed the latest policy announcements from both the Bank of Canada and the US Federal Reserve. The BoC kept its benchmark interest rate steady at 2.25 per cent, a decision that economists had broadly anticipated. Market pricing reflected a 93.5 per cent probability that the BoC would maintain its current rate.
Meanwhile, the Federal Reserve implemented its third consecutive quarter-point rate cut, as expected. The Fed also indicated that it may leave rates unchanged in the coming months.
| TSX | 31,490.85 | +246.48 |  |
| TSXV | 945.87 | +5.59 | |
| CSE | 151.16 | -1.42 |  |
| DJIA | 48,057.75 | +497.46 | |
| NASDAQ | 23,654.16 | +77.67 | |
| S&P 500 | 6,886.68 | +46.17 | |
The Canadian dollar traded for 72.50 cents US compared to 72.16 cents US on Tuesday.
US crude futures traded $0.69 higher at US$58.94 a barrel, and the Brent contract also rose $0.69 to US$62.63 a barrel.
The price of gold was up US$24.91 to US$4,231.94.
In world markets, the Nikkei was down 52.30 points to ¥50,602.80, the Hang Seng was up 106.55 points to HK$25,540.78, the FTSE was up 13.52 points to ₤9,655.53, and the DAX was down 32.51 points to €24,130.14.
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