Energy losses led Canada’s main stock index lower in Wednesday trading, dropping more than 100 points. Utilities was the other declining sector, while the rest climbed their way out of the red.
U.S. markets were up as traders digested the US Federal Reserve’s latest interest rate decision. The U.S. central bank advanced a quarter-point hike, taking the rate to a target range of 4.50 to 4.75 per cent, a downshift from last year’s series of larger hikes.
Today in the Markets
The Canadian dollar traded for 75.26 cents US, compared to 75.17 cents US on Tuesday.
US crude futures traded $1.99 lower at $76.88 a barrel, while the Brent contract lost $2.21 to $76.88 a barrel.
The price of gold was up US23.72 to US$1,951.03.
In world markets, the Nikkei was up 19.77 points to 27,346.88, the Hang Seng was up 229.85 points to 22,072.18, the FTSE was down 10.59 points to 7,761.11, and the DAX was up 52.47 points to 15,180.74.
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