TORONTO — Canada’s main stock index gained more than 150 points Wednesday after the Bank of Canada cut interest rates, while U.S. stock markets were mixed, led by a 1.8 per cent gain on the Nasdaq after the latest inflation report.
The S&P/TSX composite index closed up 153.37 points at 25,657.70.
In New York, the Dow Jones industrial average was down 99.27 points at 44,148.56. The S&P 500 index was up 49.28 points at 6,084.19, while the Nasdaq composite was up 347.65 points at 20,034.89.
The Canadian dollar traded for 70.65 cents US compared with 70.59 cents US on Tuesday.
The January crude oil contract was up US$1.70 at US$70.29 per barrel and the January natural gas contract was up 22 cents at US$3.38 per mmBTU.
The February gold contract was up US$38.30 at US$2,756.70 an ounce and the March copper contract was down a penny at US$4.26 a pound.
This report by The Canadian Press was first published Dec. 11, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press