After a positive start and a subsequent drop into negative territory, the Canadian market moved above the flatline and remained firm a little past noon on Wednesday.
Technology stocks moved higher, contributing substantially to market's upmove. Materials and financials stocks also found good support, while consumer staples stocks were a bit weak. Stocks from other sectors turned in a mixed performance.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.