TORONTO – A broad rally led by the technology and commodity sectors pushed Canada’s main stock index higher midweek as the Bank of Canada approved its largest interest rate increase in two decades.
The S&P/TSX composite index closed up 122.61 points to 21,838.02.
In New York, the Dow Jones industrial average was up 344.23 points at 34,564.59. The S&P 500 index was up 49.14 points at 4,446.59, while the Nasdaq composite was up 272.02 points or two per cent at 13,643.59.
The Canadian dollar traded for 79.32 cents US compared with 79.26 cents US on Tuesday.
The May crude oil contract was up US$3.65 at US$104.25 per barrel and the May natural gas contract was up 31.7 cents at US$7.00 per mmBTU.
The June gold contract was up US$8.60 at US$1,984.70 an ounce and the May copper contract was up less than a penny at US$4.71 a pound.
This report by The Canadian Press was first published April 13, 2022.
The Canadian Press
