At the open: TSX scales record high as resource stocks rise

Canada’s main stock index hit a record high on Monday due to gains in mining and energy shares, while investors awaited the Bank of Canada’s interest rate decision due later in the week.At 9:32 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 58.1 points, or 0.23%, at 24,880.64.The composite index notched on Friday its third straight day of record closing highs, boosted by mining shares, and also added 1.4% for the week.The Bank of Canada’s monetary policy decision is due on Wednesday, with expectations of a 50-basis-point rate cut, which would be the first significant reduction in 15 years outside of the pandemic era.Traders are widely anticipating an oversized rate cut by the BoC, whose odds jumped after last week’s cooler-than-expected inflation data.Wall Street’s main indexes edged lower on Monday, pausing after gains in the previous week ahead of major earnings reports that could influence whether indexes retreat from record highs or sustain the…