It was another back-and-forth session for Canada’s main stock index on Wednesday that ultimately ended up in the red. Gains in utilities couldn’t defy weakness in commodity-linked shares.
South of the border, investors braced for another rate hike by the US Federal Reserve. The Fed concluded its two-day policy meeting delivering a dialed-down 50-basis-point rate hike.
Today in the Markets
The Canadian dollar traded for 73.69 cents US, compared to 73.77 cents US on Tuesday.
US crude futures traded $2.02 higher at $77.41 a barrel, while the Brent contract gained $2.16 to $82.84 a barrel.
The price of gold was down US$4.92 to US$1,804.66.
In world markets, the Nikkei was up 201.36 points to 28,156.21, the Hang Seng was up 77.25 points to 19,673.45, the FTSE was down 6.96 points to 7,495.93, and the DAX was down 37.69 points to 14,460.20.
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