Canada’s main stock index finished the day on a positive note on Wednesday, supported by strong performance in gold mining shares. Investor optimism was further boosted by expectations of an upcoming interest rate cut from the US Federal Reserve.
US markets also advanced, with major indexes scoring a fourth straight day of gains ahead of the Thanksgiving holiday. Tech stocks contributed to the rally, helping lift the broader market. The US stock market will be closed on Thursday for Thanksgiving and will operate on a shortened schedule on Friday, closing at 1 pm ET.
| TSX | 31,180.25 | +279.60 |  |
| TSXV | 918.36 | +26.10 | |
| CSE | 148.02 | +1.76 | |
| DJIA | 47,427.12 | +314.67 | |
| NASDAQ | 23,214.69 | +189.10 | |
| S&P 500 | 6,812.61 | +46.73 | |
The Canadian dollar traded for 71.22 cents US compared to 70.92 cents US on Tuesday.
US crude futures traded $0.11 higher at US$58.06 a barrel, and the Brent contract rose $0.03 to US$62.51 a barrel.
The price of gold was up US$28.17 to US$4,170.60.
In world markets, the Nikkei was up 899.55 points to ¥49,559.07, the Hang Seng was up 33.53 points to HK$25,928.08, the FTSE was up 82.05 points to ₤9,691.58, and the DAX was up 261.59 points to €23,726.22.
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