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A deep split among markets stifled growth for Canada’s main stock index on Wednesday, but the TSX came out on top by close. Utilities and industrials led the decliners with the mining and financial indices offering some support. An investor consortium including Thomson Reuters and US buyout firm Blackstone sold shares worth $3.4 billion in market operator London Stock Exchange Group.

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US markets climbed higher on hopes that President Biden could soon come to a deal with congressional leaders on the debt ceiling and dodge a catastrophic debt default.

S&P 5004,158.81+48.91S&P 500

The Canadian dollar traded for 74.34 cents US, compared to 74.23 cents US on Tuesday.

US crude futures traded $1.87 higher at $72.73 a barrel, and the Brent contract gained $1.96 to $76.87 a barrel.

The price of gold was down US$7.00 to US$ 1,982.69.

In world markets, the Nikkei was up 250.60 points to 30,093.59, the Hang Seng was down 417.68 points to 19,560.57, the FTSE was down 31.69 points to 7,719.39, and the DAX was up 53.37points to 15,951.30.

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