CANADA STOCKS-TSX leaps at open as U.S. inflation data raises Fed rate cut hopes
BY Reuters | ECONOMIC | 01/15/25 09:35 AM ESTJan 15 (Reuters) - Canada's main stock index opened higher on Wednesday, helped by information technology shares, as investors welcomed a U.S. inflation print that lifted hopes for more rate cuts this year by the Federal Reserve.
At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 1%, or 258.9 points, at 24847.48.
(Reporting by Ragini Mathur in Bengaluru; Editing by Leroy Leo)