India, Jan. 28 -- The Canadian market closed higher on Tuesday, recovering well after snapping a nine-day winning streak on Monday, thanks to strong buying in the technology sector.
Investors now await monetary policy announcement from the Bank of Canada. The central bank is widely expected to cut interest rate on Wednesday.
The Federal Reserve is also scheduled to announce its monetary policy tomorrow. The Fed is likely to hold rates, but the focus is on the accompanying statement.
The benchmark S&P/TSX Composite Index closed up 130.30 points or 0.52% at 25,419.45, after scaling a low of 25,277.05 and a high of 25,425.86 intraday.
The Information Technology Capped Index climbed 4.41%. Shopify Inc (SHOP.TO) zoomed 9.6% and Celestica cli...