Canada’s main stock index inched higher Thursday – following yesterday’s Bank of Canada rate hike – led by a gain in energy stocks.
The TSX was up 100.90 points to 20,700.50.
The Canadian dollar rose 0.032 cents at 75.06 cents U.S.
The Bank of Canada yesterday, indicated it will pause its rate-hike cycle, which it continued with a 25 basis point increase that took the benchmark rate to a 15-year high of 4.5%.
Imperial Oil Ltd. (TSX:IMO) said it is moving forward with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton. The project is expected to produce 20,000 barrels per day of renewable diesel once it is operational.
Statistics Canada reported this morning that the number of job vacancies fell by 2.4% in November to their lowest level since August 2021. The agency says the number of job vacancies across all sectors was … Read more