{"id":315971,"date":"2023-03-08T17:19:16","date_gmt":"2023-03-08T22:19:16","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=315971"},"modified":"2023-03-08T17:19:16","modified_gmt":"2023-03-08T22:19:16","slug":"boc-holds-rate-tsx-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/boc-holds-rate-tsx-climbs\/","title":{"rendered":"BOC holds rate, TSX climbs"},"content":{"rendered":"<p>The Bank of Canada announced Wednesday that it will hold its lending rate at 4.5%. The TSX rose modestly on the news, finishing 0.35% higher. Tech and industrials led while financials were flat.<\/p>\n<p>Making outsized movers were <a href=\"https:\/\/stockchase.com\/ECN-T\">ECN Capital<\/a> soaring 16.56% after announcing a strategic review, <a href=\"https:\/\/stockchase.com\/PBL-T\">Pollard Banknote<\/a> up 14.36% and <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei<\/a> jumping 11.76% after topping estimates in its latest quarter. Elsewhere, <a href=\"https:\/\/stockchase.com\/TCL.A-T\">Transcontinental<\/a> closed -8.04% and <a href=\"https:\/\/stockchase.com\/LIF-T\">Labrador Iron Ore<\/a> -7.7%. Both WTI and WCS advanced more than $1 per barrel to $76.50 and $60.70 respectively.<\/p>\n<p>Wall Street enjoyed modest gains, albeit mixed. The S&amp;P added 0.14% to nearly reach 4,000, the Nasdaq 0.4%, and the Dow -0.18% to stay below 33,000. Once again, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> saw the greatest volumes, declining 3.04%. Other influential names were <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> up nearly 4%, <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> 3.83%, <a href=\"https:\/\/stockchase.com\/LUMN-N\">Lumen<\/a> -2.89% and <a href=\"https:\/\/stockchase.com\/REGN-Q\">Regeneron<\/a> -3.7%. The U.S. Fed&#8217;s Jerome Powell said that the bank has not decided on its next interest rate move. The U.S. 10-year yield held steady right below 4.% while Bitcoin also remained unchanged at $22,000.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/ECN-T\">ECN Capital (ECN-T)<\/a> +16.56%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/PBL-T\">Pollard Banknote Ltd (PBL-T)<\/a> +14.36%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> +11.76%<br \/>\n&#x1f5a8; <a href=\"https:\/\/stockchase.com\/TCL.A-T\">Transcontinental Inc. (A) (TCL.A-T)<\/a> -8.04%<br \/>\n&#x26d3; <a href=\"https:\/\/stockchase.com\/LIF-T\">Labrador Iron Ore Royalty (LIF-T)<\/a> -7.7%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> -3.04%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> +4%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation (NVDA-Q)<\/a> +3.83%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/LUMN-N\">Lumen Technologies Inc (LUMN-N)<\/a> -2.89%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/REGN-Q\">Regeneron Pharmaceuticals Inc (REGN-Q)<\/a> -3.7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Canada announced Wednesday that it will hold its lending rate at 4.5%. The TSX rose modestly on the news, finishing 0.35% higher. Tech and industrials led while financials were flat. Making outsized movers were ECN Capital soaring [&hellip;]<\/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-315971","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\/315971","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=315971"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/315971\/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=315971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=315971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=315971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}