Canada’s main stock index climbed on Wednesday as gold and oil prices rebounded from the prior session’s declines. Investors now look to the release of minutes from the US Federal Reserve’s January meeting.
After a quiet trading day, US markets advanced—led by technology stocks—as traders took stock of the Federal Reserve’s latest meeting minutes. Still, this week’s most significant catalyst is expected to be Friday’s release of the personal consumption expenditures price index. The Federal Reserve voted unanimously to hold interest rates steady, continue balance sheet runoff, and begin reviewing its monetary policy framework amid solid economic growth, easing but still‑elevated inflation, and balanced risks to its dual‑mandate goals.
| TSX | 33,389.73 | +493.18 |  |
| TSXV | 996.49 | +29.74 | |
| CSE | 163.61 | +0.02 | |
| DJIA | 49,662.66 | +129.47 | |
| NASDAQ | 22,753.63 | +175.25 | |
| S&P 500 | 6,881.31 | +38.09 | |
The Canadian dollar traded for 73.00 cents US compared to 73.34 cents US on Tuesday.
US crude futures traded US$3.02 higher at US$65.35 a barrel, and the Brent contract rose US$3.06 to US$70.48 a barrel.
The price of gold was up US$96.22 to US$4,983.78.
In world markets, the Nikkei was up 577.35 points to ¥57,143.84, the Hang Seng remained at HK$26,705.94, the FTSE was up 130.01 points to ₤10,686.18 and the DAX was up 279.81 points to €25,278.21.
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