TSX Up Nearly 70 Points With All Sectors in The Green -- Healthcare, Materials, Post Biggest Gains
The TSX is up 67 points with all sectors positive, after the Fed raised rates by the expected 25 basis points hike but remained cautious on the future rate outlook.
Equities have added to the post-Fed rally, with the S&P/TSX expanding 0.4%. GoC yields have been fairly well behaved after opening 2 to 4 bp higher across the curve relative to Wednesday's closing levels. The 10-year is at 1.804 after opening around 1.806%. The 2-year has slipped to 0.816% from a 0.832% open, leaving a 1.5 bp gain compared to Wednesday's close.
The biggest gainer is healthcare, up 0.79%, followed by miners, which has gained 0.60%.
Crude oil has shed 0.14% to US$48.79 -- Action Economics reports that Saudi Arabia believes it is too soon to discuss extending agreed cuts beyond June, as it in fact increased its output in February.
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