India, March 21 -- The Canadian stock market is edging higher after a flat start on Thursday amid cautious moves by investors after the U.S. Federal Reserve said there will not be any rate hikes this year and lowered its outlook for the economy.
Investors are reacting positively to data showing Canada added 36,200 jobs in February, led by hiring in the professional and business services sector.
Statistics Canada said wholesale trade in Canada rose for a second straight month, increasing by 0.6% to $63.5 billion in January. Wholesale sales were up 0.7% in the month.
Another report from Statistics Canada said the number of people receiving regular Employment Insurance benefits declined to 435,600 in January, a 2.2% drop from a month earlie...