The TSX moved higher on Thursday, aligning with gains seen on Wall Street, where the U.S. Federal Reserve decided to lower interest rates by a quarter of a percentage point. The benchmark overnight interest rate was cut to the 4.50 per cent to 4.75 per cent range.
The Federal Reserve’s decision to reduce borrowing costs marked the second consecutive cut in their key interest rate, a response to the ongoing easing of inflationary pressures. While the Dow Jones stopped to catch its breath from the previous session’s rally, the NASDAQ hit an all-time high.
| TSX | 24,845.93 | +208.48 |  |
| TSXV | 613.40 | +11.29 | |
| CSE | 147.17 | +2.45 | |
| DJIA | 43,729.34 | -0.59 |  |
| NASDAQ | 19,269.46 | +285.99 | |
| S&P 500 | 5,970.52 | +41.48 | |
The Canadian dollar traded for 72.14 cents US compared to 71.73 cents US on Wednesday.
U.S. crude futures traded $0.29 higher at US$71.98 a barrel, and the Brent contract lost $0.42 to US$75.34 a barrel.
The price of gold was down US$38.02 to US$2,705.64.
In world markets, the Nikkei was down 99.26 points to 39,381.41, the Hang Seng was up 414.96 points to 20,953.34, the FTSE was down 25.94 points to 8,140.74, and the DAX was up 323.21 points to 19,362.52.
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(Top image generated with AI)