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Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to increase the country’s debt ceiling, both of which gave a boost to global investor sentiment.

US stock futures also rose solidly after the House passed a debt ceiling bill in a crucial step to avoid a default, with the measure now moving to the Senate.

S&P 5004,216.68+36.85S&P 500

The Canadian dollar traded for 74.33 cents US, compared to 73.64 cents US on Wednesday.

US crude futures traded $1.97 higher at $70.06 a barrel, and the Brent contract added $1.63 to $74.23 a barrel.

The price of gold was up US$11.54 to US$1,978.09.

In world markets, the Nikkei was up 260.13 points to 31,148.01, the Hang Seng was down 17.36 points to 18,216.91, the FTSE was up 44.13 points to 7,490.27, and the DAX was up 189.64 points to 15,853.66.

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