February 1, 2023

The Toronto stock index was down 0.1% on Wednesday.

But the U.S. market rose after the FED raised interest rates by 0.25% (not as high as some feared)m and apparently indicted that the end of the rate hikes was possibly in sight but that two more increases would be needed.

That really does not sound as good as the market may have hoped but nevertheless the FED comments were taken positively.

Canadian Tire was strong with a 3.65% gain today. 

FedEx was up 4.3%.

TFI International was up 3.6% to a new record high. 

Linamar was up 5.7%

Overall, investors are in a very positive frame of mind.

After the close Meta (Facebook) reported better than expected earnings and rose 20%!! in after hours trading.

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