To no one’s surprise on Wednesday, the Bank of Canada raised the key interest rate from 0.25% to 0.5%. However, markets surged after the U.S. Fed’s Jay Powell told Congress that he will raise rates by that same measure in a few weeks. Though many had expected a 0.25% rise, markets still reacted by rallying across the board. The S&P closed 1.86%, the Nasdaq 1.62% and the Dow 1.79%.<\/p>\n
There was no shortage of gainers: Booking Holdings<\/a> jumped 4.42%, Deere<\/a> 4.83%, Norfolk Southern<\/a> 5.54%, Ford<\/a> 8.38% and Hewlett Packard<\/a> 10.25%. Laggards included Enphase<\/a> down 3.93% and Twitter<\/a> which slipped 2.64%. The U.S. 10-year yield responded to Powell’s comments by jumping to 1.9%, though Bitcoin<\/a> had a quiet session, down 0.35% to $44,000.<\/p>\n Crude oil continued to soar to muti-year highs amid the Russian invasion of Ukraine. WTI jumped nearly 8% to trade at $111 while WCS leapt about 7% to $100. Oil and Powell helped lift the TSX by 1.27%. All sectors rose, led by industrials. Winners included Air Canada<\/a> which climbed 4.15%, Element Fleet Financial<\/a> up 6.11%, Teck Resources<\/a> 4.04%, Kinaxis<\/a> 5.59% and Fire & Flower<\/a> 5.54%. On the losing end were Canfor<\/a> down 9.19% and Aecon<\/a> which slid 8.09%.<\/p>\n 🧳 Booking Holdings Inc. (BKNG-Q)<\/a> +4.42% To no one’s surprise on Wednesday, the Bank of Canada raised the key interest rate from 0.25% to 0.5%. However, markets surged after the U.S. Fed’s Jay Powell told Congress that he will raise rates by that same measure in […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-267727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/267727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=267727"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/267727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=267727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=267727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=267727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🦌 Deere & Co. (DE-N)<\/a> +4.83%
\n🐴\u00a0Norfolk Southern (NSC-N)<\/a> +5.54%
\n🚘 Ford Motor (F-N)<\/a> +8.38%
\n💻 Hewlett-Packard Co (HPQ-N)<\/a> +10.25%
\n⚡ Enphase Energy (ENPH-Q)<\/a> -3.93%
\n🐦 Twitter, Inc (TWTR-N)<\/a> -2.64%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.35%
\n🛫 Air Canada (AC-T)<\/a> +4.15%
\n🏛 Element Fleet Management (EFN-T)<\/a> +6.11%
\n⛏ Teck Resources Ltd. (B) (TECK.B-T)<\/a> +4.04%
\n💾 Kinaxis Inc (KXS-T)<\/a> +5.59%
\n👨⚕️ Fire & Flower Holdings (FAF-T)<\/a> +5.54%
\n🌲 Canfor Corp (CFP-T)<\/a> -9.19%
\n🧱 Aecon Group Inc (ARE-T)<\/a> -8.09%<\/p>\n","protected":false},"excerpt":{"rendered":"