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TORONTO, April 27 (Xinhua) -- Canada's main stock market in Toronto continued to rise Wednesday as upward crude oil prices supported resources sectors, while financial stocks also got a boost after the U.S. Federal Reserve kept interest rates unchanged.
The Toronto Stock Exchange's benchmark Standard & Poor'sTSX Composite Index gained 78.22 points, or 0.57 percent, to close at 13,887.66 points. Six of the TSX index's eight main sub-sectors were higher.
Oil prices jumped Wednesday as the Federal Reserve announced that it will maintain the target range for the federal funds rate at 0.25-0.5 percent, but gave little clue on the timing of its next rate hike.
The West Texas Intermediate for June delivery surged 1.29 U.S. dollars to settle at 50.15 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery increased 1.44 dollars to close at 47.18 dollars a barrel on the London ICE Futures Exchange.
On TSX company news, outgoing Valeant Pharmaceuticals Chief Executive Michael Pearson plans to tell a U.S. Senate panel on Wednesday that he regrets his decision to acquire an e Shoes Online[/url] Cheap Air Max 270 Womens