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S&P/TSX composite edges higher, U.S. markets mixed after key rate decisions
['Daniel Johnson', 'The Canadian Press', 'Body --Teal', '--Light-Teal', '--Blue', '--Red', '--Yellow', '--Black', '--White', 'Fff --Dark-Gray']
Advisor.ca
AdobeStock-Day-Of-Victory-StuCanada’s main stock index finished higher Wednesday, while U.S. markets were mixed as interest rates came into focus amid a pair of decisions from the Bank of Canada and the U.S. Federal Reserve.
The Bank of Canada held its benchmark interest rate steady while forecasting a gradual economic recovery from the U.S. tariff shock.
Meanwhile, the U.S. Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.
Commodity prices helped Canada’s main stock index on Wednesday.
The March silver contract was up US$7.58 at US$113.53 an ounce, while the April gold contract was up US$219.60 at US$5,340.20 an ounce.