Toronto Stock Market Remains Steady as Bank of Canada Holds Interest Rates
Toronto stocks remained steady as Bank of Canada maintained interest rates. Technology sector and commercial services performed well while health services struggled.
Toronto stocks remained relatively flat on Thursday as investors continued to process the Bank of Canada's decision to maintain interest rates at 5% on Wednesday. While some sectors performed well, others experienced mixed results.
The technology sector saw the most significant gains, followed closely by commercial services. However, health services struggled during this period.
Laurentian Bank of Canada, which primarily focuses on the Quebec market, experienced a decrease in its shares by 1.6%, reaching 25.98 Canadian dollars ($19.11). The bank reported lower profits and revenue in the fourth quarter, partly due to one-time costs and charges.
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