Canadian Stocks Nudge Higher -- Canadian Commentary

(RTTNews) - Canadian stocks were higher Wednesday, as rising metals offset weaker energy stocks.

Early today, OPEC reported record production in September, as members gird for upcoming supply cuts in the wake of a deal with Russia to trim supplies.

Nov. WTI oil settled at $50.18/bbl on Nymex, down 61 cents, or 1.2%.

The minutes of the most recent FOMC meeting confirmed disputes within the Federal Reserve regarding the timing of interest rate hikes.

Three dissenters were worried about credibility and likelihood of faster pace of interest rate hikes in future if no move made.

Prometic Life Sciences (PLI.TO) rallied on positive news related to its treatment of liver fibrosis.

Montreal-based WSP Global is buying a U.K.-based engineering consulting firm for $120 million.

Canada's federal government will invest in aerospace giant Bombardier (BBD.B.TO), Innovation Minister Navdeep Bains said, according to the Canadian Press. Shares were flat.

Algoma Central Corp(ALC.TO) sold Ridley Square in St. Catherines for C$14.1 million. Shares are increasing 0.09 percent.

Brookfield Asset Management Inc. (BAM-A.TO) is considering a bid for Performance Sports Group Ltd., the embattled maker of the Bauer and Easton brands, Bloomberg reported. Shares of BAM were up fractionally.