Updated at 10:28 a.m. ET (14:28 GMT
By Khushi Singh
Nov 1 (Reuters) - Canada's main stock index moved higher on Wednesday, supported by a slew of strong earning reports, while investors closely awaited Federal Reserve's monetary policy meeting for more clues on interest rate trajectory.
At 10:28 a.m. ET (14:28 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 161.82 points, or 0.86%, at 19,035.29, on track for a three-day win streak.
Thomson Reuters TRI.TO shares added 4.2% after the parent company of Reuters News reported higher-than-expected third-quarter profit and announced a $1 billion share repurchase program.
Centerra Gold CG.TO jumped 8.5% to the top of the TSX after the gold miner beat third-quarter revenue estimates and posted quarterly profit compared to a loss in the previous year.
The utilities .GSPTTUT index advanced 2.8%, leading sectoral gains as Brookfield Infrastructure Partners BIP_u.TO rose 9.0% after reporting higher revenue in the third-quarter.
Meanwhile, data showed Canada's manufacturing PMI rose in October for the first time in three months, but the sector remained in contraction as output and orders declined while cost pressures rose.
Investors await the Fed's monetary policy decision, with all eyes on Chair Jerome Powell's speech at 1430 ET for clues to the way forward on the interest rates.
"The hiking cycle is over and the question becomes when will we see rate cuts," said Allan Small, senior investment advisor at Allan Small Financial Group with iA Private Wealth.
"But I don't think anything (rate cuts) will happen, at least until spring or summer of year," Small added.
The energy sector .SPTTEN climbed 1.0% following an over 2% rise in crude prices as the conflict in the Middle East remained in focus. O/R
Shares of Canada Goose Holdings GOOS.TO tumbled 10.3% after the luxury parka maker cut its annual sales forecast on weak demand in high-growth market China.
First Quantum Minerals FM.TO extended declines for the third consecutive day, down 10.3% as uncertainty over the future of its key Panama copper mine led investors to cut their exposure.
(Reporting by Khushi Singh in Bengaluru; Editing by Tasim Zahid and Shilpi Majumdar)