TORONTO — Canada's main stock index gained one per cent Wednesday in a broad-based rally led by utilities, telecom and technology stocks, while U.S. markets also rose, particularly after the U.S.
The S&P/TSX composite index closed up 205.53 points at 19,079.
However, the Fed didn’t rule out more hikes. Chairman Jerome Powell said the Fed isn’t confident enough that its benchmark rate is high enough. “They were very specific that the full effects of rate increases have not been felt by the economy yet,” he said.
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