CANADA STOCKS-TSX rises as financials benefit from rate hike bets

TORONTO, June 28 (Reuters) – Canada’s main stock index rose
in early trade on Wednesday, as financial stocks gained as
investors priced in a greater chance of a interest rate hike and
Empire Co Ltd jumped after reporting quarterly results
and increasing its dividend.

The Toronto Stock Exchange’s S&P/TSX composite index
was up 9.29 points, or 0.06 percent, to 15,290.51
shortly after the open. The energy sector offset the index’s
gains.
(Reporting by Alastair Sharp; Editing by Chizu Nomiyama)

Leave a Reply

Your email address will not be published.