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Stock impact report

TSX climbs to near 1-month high as financials advance [Yahoo! Finance Canada]

Brookfield Corporation Class A Limited Voting Shares (BN) 
investor sentiment remained upbeat on reviving hopes of interest rate cuts in the year. At 9:53 a.m. ET (13:53 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 29.84 points, or 0.13%, at 22,289.31. Heavy-weight financials climbed 0.3%, pulled up by Brookfield Asset Management that rose 1.2%. Industrial shares added 0.1%, helped by Ballard Power Systems that gained 2.1% after it reported its first-quarter results. "Investors are pausing. We've had this several days of rallying after the Fed (decision). Now that's run its course and markets are waiting for the next big thing to react to", said Colin Cieszynski, chief market strategist at SIA Wealth Management. ADVERTISEMENT The TSX closed over 1.4% higher in the previous session at its highest in over three weeks, logging its best day in nearly three months. [.TO] Wall Street indexes also closed higher, registering their third session of advances on Monday. [.N] The rally followed the Federal Reserve's d Show less Read more
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