TSX advances after Bank of Canada cuts rates

Canada's main stock index rose on Wednesday after the Bank of Canada cut interest rates to try to stimulate a sputtering economy, helping lift the shares of financial companies. The Bank of Canada cut its key interest rate by a quarter percentage point to 0.5 percent, saying an unexpected economic contraction in the first half of the year had added to excess capacity and put downward pressure on inflation. Meanwhile, U.S. Federal Reserve Chair Janet Yellen repeated her view that the Fed wil