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The S&P/TSX Composite Index traded near flat around 36,000 on Wednesday after the Bank of Canada’s policy decision to hike interest rates to by 25 bps to 2.5%, as expected. The bank said the decision aims to reduce the risk that continuing high energy prices spread broadly to the prices of other goods and services whil
The S&P/TSX Composite Index rose 0.6% to close at 36,171 ahead of monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25-basis-point hike, while the Fed is widely expected to hold rates steady. Canadian bond yields fell as the
The S&P/TSX Composite Index edged above 36,000 on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25 bps hike, while the Fed is widely expected to hold rates steady. Canadian yields fell as the