Canadian Dollar Strengthens Amid Global Market Optimism; GE Aerospace Sees Increased Investor Confidence and Positive Analyst Ratings

Global markets showed positive momentum, spurred by Germany's election results and potential coalition formation. The Canadian dollar experienced gains against its U.S. counterpart, trading between 70.23 and 70.51 US cents. Bank of Canada deputy governor Toni Gravelle spoke at the Bank of England Annual Research Conference in London. Wealthspire Advisors LLC increased its stake in GE Aerospace by 7.6% during Q4, holding shares worth $3,514,000. Several other hedge funds also acquired new positions in the company. GE Aerospace received positive analyst ratings, with Bank of America and Wells Fargo & Company raising their price targets. The company's stock opened at $199.90, with a market capitalization of $214.55 billion.