Canada’s main stock index traded higher on Thursday morning after yesterday’s Bank of Canada rate hike.

The TSX rose 12.42 points to 20,612.02.

The Canadian dollar rose 0.011 cents to 74.85 US cents

The Bank of Canada announced yesterday that it would pause its cycle of interest rate hikes, which it continued with a 25 basis point hike that took interest rates to a 15-year high of 4.5%.

Imperial Oil…