{"id":342845,"date":"2025-01-29T17:57:05","date_gmt":"2025-01-29T22:57:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=342845"},"modified":"2025-01-29T17:57:08","modified_gmt":"2025-01-29T22:57:08","slug":"tsx-climbs-on-boc-cut-wall-street-fades","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-climbs-on-boc-cut-wall-street-fades\/","title":{"rendered":"TSX climbs on BoC cut, Wall Street fades"},"content":{"rendered":"\n<p>It was a tale of two markets on Wednesday. The Bank of Canada cut the key lending rate by an expected 25 basis points to 3.0%. Though sectors were mixed, the TSX added 40 points or 0.16% as energy and materials led and real estate and healthcare lagged. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal Bank<\/a> was the most influential name, shedding 0.56%, as <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica<\/a> popped 6.57%. <a href=\"https:\/\/stockchase.com\/company\/view\/4801\/NXE-T\">NexGen Energy<\/a> 6.71%, though <a href=\"https:\/\/stockchase.com\/company\/view\/6739\/MDA-T\">MDA Space<\/a> closed -9.48% and <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewables<\/a> -4.28%. Gold gave back US$8 to US$2,755 while WTI declined over 1% to US$73.<\/p>\n\n\n\n<p>In contrast, the Fed kept American rates at 4.25%-4.5%. The three main indices closed moderately lower, about half a percent, while the Dow fared the best at -0.31%. Bellwether <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> slipped 4.1%. Besides, the Fed, earnings dominated the headlines. <a href=\"https:\/\/stockchase.com\/company\/view\/1088\/SBUX-Q\">Starbucks<\/a> soared 8.14%, <a href=\"https:\/\/stockchase.com\/company\/view\/2647\/DHR-N\">Danaher<\/a> plunged 9.73% and after the bell, Microsoft faded after reporting a beat, but soft Azure growth numbers. <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">MSFT<\/a> declined 1.09% during the session. <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> sank 2.26% by the closing bell, but its report after hours saw shares zigazagging up and down. The U.S. 10-year yield edged down to 4.536% while Bitcoin jumped more than US$3,800 to $104,100.<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal Bank\u00a0(RY-T)<\/a> -0.56%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica Inc\u00a0(CLS-T)<\/a> +6.57%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/4801\/NXE-T\">NexGen Energy\u00a0(NXE-T)<\/a> +6.71%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/6739\/MDA-T\">MDA Ltd.\u00a0(MDA-T)<\/a> -9.48%<\/p>\n\n\n\n<p>&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewable Energy\u00a0(INE-T)<\/a> -4.28%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -4.1%<\/p>\n\n\n\n<p>&#x2615; <a href=\"https:\/\/stockchase.com\/company\/view\/1088\/SBUX-Q\">Starbucks\u00a0(SBUX-Q)<\/a> +8.14%<\/p>\n\n\n\n<p>&#x2699; <a href=\"https:\/\/stockchase.com\/company\/view\/2647\/DHR-N\">Danaher Corp.\u00a0(DHR-N)<\/a> -9.73%<\/p>\n\n\n\n<p>&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft Corp\u00a0(MSFT-Q)<\/a> -1.09%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Inc\u00a0(TSLA-Q)<\/a> -2.26%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was a tale of two markets on Wednesday. The Bank of Canada cut the key lending rate by an expected 25 basis points to 3.0%. Though sectors were mixed, the TSX added 40 points or 0.16% as energy and [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-342845","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\/342845","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=342845"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342845\/revisions"}],"predecessor-version":[{"id":342848,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342845\/revisions\/342848"}],"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=342845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=342845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=342845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}