Wednesday morning, the Bank of Canada cut the key lending rate 25 basis points to 4.75%. The move was expected and the TSX saw an initial bump that faded, but closed on strength. The index gained 0.76% to return above 22,000 as all sectors rallied, led by materials, staples, industrials and tech. <\/p>\n\n\n\n
Among the big movers were Celestica<\/a> which rallied 7.05%, TC Energy<\/a> up 3.24%, First Quantum Minerals<\/a> 5.74%, Aritzia<\/a> 4.44% and MTY Food Group<\/a> by 4.21%. Meanwhile, gold climbed to US$2,353 and WTI added 1.15% to US$74.<\/p>\n\n\n\n Tech continued to steamroll ahead on Wall Street, in particular Nvidia<\/a>, which rallied 5.16% to surpass US$3 trillion (and Apple) in market cap. Rival AMD<\/a> rose 3.06%, HP<\/a> popped 10.82%, Moderna<\/a> 6.65% and Broadcom<\/a> 5.6%. The S&P advanced 1.18% to make a record high at 5,354, as did the Nasdaq, popping nearly 2% to close at 17.187. The Dow climbed 0.25%. The U.S. 10-year yield continued to fade as it touched 4.281% and Bitcoin<\/a> rose 1% to $71,200.<\/p>\n\n\n\n 🧬 Celestica Inc\u00a0(CLS-T)<\/a> +7.05%<\/p>\n\n\n\n 🛢 TC Energy\u00a0(TRP-T)<\/a> +3.24%<\/p>\n\n\n\n ⛏ First Quantum Minerals\u00a0(FM-T)<\/a> +5.74%<\/p>\n\n\n\n 👗 Aritzia Inc.\u00a0(ATZ-T)<\/a> +4.44%<\/p>\n\n\n\n 🍝 MTY Food Group\u00a0(MTY-T)<\/a> +4.21%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +5.16%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> +3.06%<\/p>\n\n\n\n 💻 Hewlett-Packard Co\u00a0(HPQ-N)<\/a> +10.82%<\/p>\n\n\n\n 💉 Moderna\u00a0(MRNA-Q)<\/a> +6.65%<\/p>\n\n\n\n