TSX Powers Higher, Led By Miners -- Canadian Commentary

(RTTNews) - Canadian stocks rallied Wednesday, helped by surging crude oil prices and continued support from the U.S. Federal Reserve.

The Federal Open Market Committee (FOMC) left its benchmark interest rate unchanged in a range of 0.25% to 0.50%, as concerns about the slowing U.S. economy offset diminished risks overseas.

The S&P/TSX Composite Index rose 78.22 points to 13,887.66, powered by strong gains among mining stocks, which were up 4 percent on easing worries about China.

Energy shares were also higher, extending recent gains. June WTI oil climbed $1.29, or 2.9%, to settle at $45.33/bbl, a 2016 high.

In corporate news, Bombardier (BBD.B.TO) is set to announce major sale of C Series planes to Delta Airlines, the Globe and Mail reports. Bombardier shares were up 1 percent.