ai generated stock image
(Stock image generated by AI.)

Canada’s main stock index continued its gaining ways on Wednesday. Energy stocks were back leading growth on the TSX but that only staved off a deep split among half of the indices. The Bank of Canada announced a 25-basis point cut to its key benchmark rate, its sixth-straight rate cut, bringing it down to 3.0 per cent.

US markets dropped as traders turned toward the first Federal Reserve interest rate decision of the year. Nvidia (NASDAQ:NVDA) lost the momentum from the previous session’s gains, ending the day nearly 5 per cent lower

TSX25,473.40+53.85TSX
TSXV613.59+4.16TSXV
CSE133.51+0.21CSE
DJIA44,713.52-136.83DJIA
NASDAQ19,632.32-101.26NASDAQ
S&P 5006,039.93-27.77S&P 500

The Canadian dollar traded for 69.34 cents US compared to 69.45 cents US on Tuesday.

US crude futures traded $0.85 lower at US$72.92 a barrel, and the Brent contract lost $0.69 to US$76.80 a barrel.

The price of gold was down US$4.44 to US$2,755.81.

In world markets, the Nikkei was up 397.91 points to ¥39,414.78, the Hang Seng remained at HK$20,225.11, the FTSE was up 23.94 points to ₤8,557.81, and the DAX was up 206.95 points to €21,637.53.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image generated with AI.)


More From The Market Online
storm image generated with ai

@ the Bell: TSX rallies, was this the eye of the storm?

While the energy and financial markets led gains on the TSX, that growth was stifled by losses sustained in the tech and utilities segments.
Drill core from the Archimedes project

i-80 Gold’s new PEA offers high leverage to gold prices

i-80 Gold (TSX:IAU;NYSE:IAUX) publishes a preliminary economic assessment (PEA) for its Archimedes project in Nevada.