off-the-wire

TSX opens higher on tech gains, rate cut optimism

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens higher on tech gains, rate cut optimism teaser image

Oct 16 (Reuters) - Canada's main stock index opened higher on Thursday with technology shares leading the gains, as investors grew increasingly confident that both the U.S. Federal Reserve and the Bank of Canada would maintain their trajectory of interest rate cuts.

At 9:31 a.m. ET (1331 GMT), Toronto's S&P/TSX composite index (.GSPTSE), was up 0.4% at 30759.51 points.

Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed

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