Toronto stocks open higher on early rate-cut hopes
May 3 (Reuters) – Canada’s main stock index jumped on
Friday, led by gains in technology shares after slowing U.S.
jobs growth in April raised hopes of early interest rate cuts by
the U.S. Federal Reserve.
At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was up 147.89 points, or
0.68%, at 21,971.11.
(Reporting by Shubham Batra in Bengaluru)