off-the-wire

TSX opens higher on US bank earnings, Fed rate cut optimism

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens higher on US bank earnings, Fed rate cut optimism teaser image

Oct 15 (Reuters) - Canada's main stock index opened higher on Wednesday, with mining stocks leading the advance, buoyed by renewed U.S. rate cut optimism and robust earnings from major U.S. banks that signaled strength in the financial sector.

At 9:30 a.m. ET (1330 GMT), Toronto's S&P/TSX composite index (.GSPTSE), opens new tab was up 0.6% at 30,544.95 points.

Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed

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