TSX gains as Bank of Canada signals slowdown in rate hikes

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TSX gains as Bank of Canada signals slowdown in rate hikes
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Canada's main stock index climbed on Wednesday as investors shrugged off potential impact from a oversized rate hike by the Bank of Canada and digested commentary from the central bank hinting at an end to its monetary policy tightening.

was up 102.39 points, or 0.51%, at 20,092.56.

The central bank, which has raised rates at a record pace of 400 basis points in nine months, cited still-strong growth and tight labor markets as the reason for the latest hike.

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