Investing.com –- Canada's main stock index, the S&P/TSX Compositet tracked Wall Street indices higher, with the S&P 500 hitting a new all-time high.
Market sentiment in Canada however remained cautious ahead of a Bank of Canada meeting next week, at which some analysts expect the BoC to lean hawkish following a surprisingly hot core domestic inflation read.
A majority of economists surveyed by Reuters expect the Canadian central bank to wait until at least June to begin cutting rates.
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Toronto Stock Market News
Tricon Residential (TSX:TCN) jumped to the top of the TSX today after 27.6% investment management company Blackstone (NYSE:BX) agreed to take the company private for $3.5 billion.
Richelieu Hardware (TSX:RCH) shares declined after a downgrade from National Bank of Canada (TSX:NA) from "outperform" to "sector perform".
Royal Bank of Canada (TSX:RY) announced plans to raise $750 million through an issue of preferred shares to select institutional investors.
For earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
Data from Statistics Canada showed that retail sales posted a surprise decline in November, decreasing 0.2% to $66.6 billion.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.