TSX gains as investors await Federal Reserve rate decision

Canada main stock index climbed slightly as oil prices and bond yields eased. Investors are closely watching the upcoming United States Federal Reserve interest rate decision.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index rose 0.34% to 35,706.99 points on Wednesday morning as oil prices and bond yields paused. The S&P/TSX Composite Index climbed during the morning session, led by gains in utilities and materials. Markets are bracing for a widely anticipated interest-rate hike from the United States Federal Reserve.

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