The S&P/TSX Composite gained about 0.3% to trade above the 29,350 level on Wednesday as investors parsed the widely expected 25 basis point cut by the Bank of Canada and assessed the bank's forward guidance. Recent data showing a weakening labour market and slowing growth helped cement expectations of further easing and prompted markets to price a clearer path to lower rates. Gains were broad based with rate sensitive technology names led by Shopify, adding over 1% while Thomson Reuters, Canadian National Railway and Sun Life Financial each outperformed, rising between 0.6 and 1.1%. Heavyweight commodity producers weighed on the index as oil and gold prices softened.