Daily-Wrap

Index Update:Canadian stocks closed modestly lower on Wednesday as traders refrained from big moves and dissected the implications of last week's rate cut by the Bank of Canada amid assurances on the nation's economic future by Prime Minister Mark Carney.After moving to the upside …

Index Update:After opening at 30,005.73, the benchmark S&P/TSX Composite Index progressed to a new intraday high of 30,066.60 within a couple of hours. Then the index turned lower to trade firmly negative and closed at 29.815.63, down by 143.35 points (or 0.48%).

Index Update: