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Canada’s main stock index rallied to its fourth straight positive close on Wednesday, riding a push from the energy market and cannabis shares. The mining, utilities and industrials markets moved lower. Through the rest of the week, traders are scrolling through earnings reports to see how companies are handling pressure from inflation.

Bracing for a more aggressive stance, market observers on Wall Street are closely tracking the latest minutes from today’s Open Market Committee meeting. The US Federal Reserve is prepared to move ahead with multiple 50 basis points interest rate increases.

TSX 20,383.75 +97.55 TSX
TSXV 701.33 +0.67 TSXV
CSE 325.49 -0.23 TSXV
DJIA 32,120.28 +191.66 DJIA
NASDAQ 11,434.74 +170.29 NASDAQ
S&P 500 3,978.73 +37.25 S&P 500

The Canadian dollar traded for 78.08 cents US compared to 77.76 cents US on Tuesday.

Crude oil prices were up 0.91 to $110.70.

The price of gold was down 12.04 to $1,855.55.

In world markets, the Nikkei was down 70.34 points to 26,677.80 the Hang Seng was up 59.17 points to 20,171.27 the FTSE was up 38.40 points to 7,522.75, and the DAX was up 88.18 points to 14,007.93.

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