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S&P/TSX composite index rises after Bank of Canada rate cut, U.S. markets rally

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TORONTO — Gains in base metals, utilities and industrials helped lead Canada's main stock index higher Wednesday, after the Bank of Canada announced a highly anticipated interest rate cut, while U.S.

TORONTO — Gains in base metals, utilities and industrials helped lead Canada's main stock index higher Wednesday, after the Bank of Canada announced a highly anticipated interest rate cut, while U.S. markets rallied, with the Nasdaq gaining almost two per cent.In New York, the Dow Jones industrial average was up 96.04 points at 38,807.33. The S&P 500 index was up 62.69 points at 5,354.03, while the Nasdaq composite was up 330.86 points at 17,187.90.

The August gold contract was up US$28.10 at US$2,375.50 an ounce and the July copper contract was up seven cents at US$4.61 a pound.The Canadian Press

 

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S&P/TSX composite index rises after Bank of Canada rate cut, U.S. markets rallyTORONTO — Gains in base metals, utilities and industrials helped lead Canada's main stock index higher Wednesday, after the Bank of Canada announced a highly...
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