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TSX posts small gain, U.S. markets rise ahead of Fed rate meeting and earnings

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TORONTO — Strength in base metals helped Canada's main stock index post a small gain Monday, while U.S. markets also rose. U.S. markets were muted ahead of a big week for earnings reports, as well as a Wednesday interest rate decision by the U.S.

TORONTO — Strength in base metals helped Canada's main stock index post a small gain Monday, while U.S. markets also rose.

This week,"all eyes are going to be on the Fed,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd. The biggest tech companies have been driving the rally that’s characterized much of 2024 on Wall Street, though April has seen somewhat of a correction. “So I think if the rest of the earnings season shades up, like we've seen so far, we could be at new highs again before you know it.”The Canadian dollar traded for 73.22 cents US compared with 73.16 cents US on Friday.

 

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