TSX opens higher as Fed rate cut bets offset US shutdown concerns

(Reuters) – Canada’s main stock index edged higher at the open on Friday, led by materials shares, as growing hopes of a near-term Federal Reserve rate cut overshadowed concerns over a U.S. government shutdown.

At 9:30 a.m. ET (1330 GMT), Toronto’s S&P/TSX composite index (.GSPTSE), opens new tab was up 0.15% at 30,205.05 points.