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TSX recoups some of this week's decline as technology rallies

The Toronto Stock Exchange's S&P/TSX composite index rose 0.35% to 20,346.53 after declines earlier in the week as the Bank of Canada left its benchmark rate on hold at 4.50%. Materials group also rose 0.5% as copper prices climbed.

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  • The Toronto Stock Exchange's S&P/TSX composite index rose 0.35% to 20,346.53 after declines earlier in the week.
  • The Bank of Canada left its benchmark rate on hold at 4.50%, becoming the first major central bank to suspend its monetary tightening campaign.
  • The materials group was also a bright spot, rising 0.5% as copper prices climbed following an agreement between Panama's government and First Quantum Minerals Ltd.
TSX recoups some of this week's decline as technology rallies
Canada's main stock index ended higher on Wednesday as technology shares rallied and the Bank of Canada kept interest rates on hold, with the market clawing back some of its decline from earlier in the week.
Reuters

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