The Toronto stock market closed modestly higher as commodity prices rose amid stronger than expected trade figures from China.
The S&P/TSX composite index gained 19.5 points to 13,900. The Canadian dollar was ahead 0.16 of a cent to 90.93 cents (U.S.).
U.S. indexes generally gave back some of Tuesday’s substantial gains that following reassuring words on federal stimulus and interest rates from the new chair of the Federal Reserve, Janet Yellen.
The Dow Jones industrial average slipped 30.83 points to 15,963.94, the Nasdaq gained 10.24 points to 4,210.29 while the S&P 500 was 0.48 of a point lower to 1,819.27.
Meanwhile, data showed that China’s trade growth accelerated in January as imports rose 10 per cent, up from December’s 8.3 per cent growth.
Exports rose 11 per cent, more than double the previous month’s expansion and the trade surplus widened. All three numbers beat expectations.