TSX Rips Higher Along With Oil Price -- Canadian Commentary

(RTTNews) - Canadian stocks continued to rise Wednesday, with Toronto's main index jumping to the highest in more than six weeks despite signs the U.S. Federal Reserve will raise interest rates in December.

U.S. policy makers kept interest rates unchanged at today's meeting, and maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike.

Still, with crude oil prices on the rise and geopolitical tensions easing, the TSX Composite Index added 96.63 points to 15,389.60.

Employees at Bombardier Inc.'s (BBD_B.TO, BBD_A.TO) aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. (BA) to drop a trade complaint against the Canadian plane and train maker.

Air Canada soared 10 percent after ratings agency upgrades.

Blackberry (BB.TO) rallied after a report said Delphi is going with the company's QNX for its self-driving platform.

Canada is set to log the fastest growth among advanced economies this year with the country's projection raised to 3.2 percent from 3 percent, the OECD said. The projection for next year was kept at 2.3 percent.