TSX opens higher as US data reinforces Fed rate cut hopes

(Reuters) – Canada’s main stock index opened higher on Wednesday, helped by energy shares, after the U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month.

At 9:31 a.m. ET (14:31 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 42.76 points, or 0.17%, at 24,965.77.