Canada’s main stock index closed down just 30 points Wednesday as losses in energy and industrials outweighed gains in other areas, while U.S. stock markets were mixed.
The S&P/TSX composite index was down 29.95 points at 20,599.60.
In New York, the Dow Jones industrial average was up 9.88 points at 33,743.84.The S&P 500 index was down 0.73 points at 4,016.22, while the Nasdaq composite was down 20.91 points at 11,313.36.
The Bank of Canada’s rate hike and remarks from the bank sent bond yields and the Canadian dollar downward, said Michael Currie, senior investment adviser at TD Wealth. However, the TSX didn’t make major upward moves in response to the news. Instead, it was dragged down by losses of more than two per cent in the industrials index and more than one per cent in energy.