News & Insights
09.02.26 | In the news
TSX up on basic materials strength, U.S. markets also positive
Canada’s main stock index rose more than 250 points Wednesday, helped by strength in the basic materials sector, while U.S. markets also gained ground.
The S&P/TSX composite index was up 265.88 points at 36,091.61.
Canadian investors kept a close eye on the Bank of Canada, which held its benchmark interest rate steady at 2.25% again on Wednesday. The move was widely expected by economists.
Theresa Shutt, chief investment officer at Harbourfront Wealth Management, said the rate hold was a “good sign, despite the fact that inflation has been creeping higher.”
Read more: TSX up on basic materials strength, U.S. markets also positive – Investment Executive