The S&P/TSX Composite edged marginally higher to close at 29,322 level on Wednesday as investors absorbed the widely expected 25 basis point cuts by both the Bank of Canada and the US Federal Reserve and weighed each bank's forward guidance. Domestically, fresh data pointing to a weakening labour market and slowing growth reinforced expectations of further easing and prompted markets to price a clearer path to lower rates. Meanwhile, the US Fed cut by 25 bps and its projections flagged two additional cuts this year, but stronger forecasts for real growth, a lower unemployment path and upward revisions to core inflation tempered bets on a steeper easing cycle. Sector moves were mixed with miners and banks leading gains, Barrick Mining up about 2.3% and TD Bank adding roughly 0.8%, while Constellation Software fell 1.7% and Canadian Pacific and Canadian National lost 0.9% each.