Investing.com — Canada's main stock edged moderately higher today, tracking Wall Street and supported by gains in tech stocks.
The commodity heavy Canadian index was also supported by the energy sector, as crude prices rose following the announcement of a Chinese economic stimulus package.
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Toronto Stock Market News
Shares of BlackBerry (TSX:BB) plunged to the bottom of the TSX after the company announced it plans to offer $160 million worth of Convertible Senior Notes in a private offering.
After the bell yesterday, CN Rail reported Q4 net income of $2.13 billion, up 50% year over year. Revenue came in at $4.47 billion, down from $4.54 billion a year earlier.
Capstone Copper climbed to the top of the TSX after it released its 2023 production figures and 2024 outlook.
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Toronto Stocks Moving Markets Today
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In Canadian Economics
The Bank of Canada held interest rates steady at 5%, as had been widely expected.
In comments accompanying the decision, BoC Governor Tiff Macklem commented that the central bank remains prepared to raise rates further if needed.
"If new developments push inflation higher, we may still need to raise rates," Macklem noted. "If the economy evolves broadly in line with the projection we published today, I expect future discussions will be about how long we maintain the policy rate at 5%.”
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.