composite

TORONTO — Broad-based strength lifted Canada's main stock index 1.5 per cent Wednesday, while U.S. stocks also rallied after the U.S. Federal Reserve left its outlook for interest rate cuts this year intact. “For a day, markets are breathing a sigh of relief,” said John Zechner, chairman and lead equity manager at J. Zechner Associates.

More information in our economic calendar The report showed that there were further signs of cost pressures moderating in December. Business confidence increased, and companies indicated that client demand had improved. S&P Global commented: “The strong service sector PMI reading for December sets the U.S. economy up for a good start to 2025 but, with