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Canada’s main stock index set record highs Tuesday while U.S. markets were relatively flat ahead of an interest rate decision by the Federal Reserve.

The S&P/TSX composite index closed up 83.44 points to 16,834.75. That’s a record closing level after earlier reaching a record intraday peak of 16,855.45.

In New York, the Dow Jones industrial average was up 33.98 points at 27,110.80. The S&P 500 index was up 7.73 points at 3,005.69, while the Nasdaq composite was up 32.47 points at 8,186.02.

The Canadian dollar traded for an average of US75.43¢ compared with an average of US75.48¢ on Monday.

The October crude contract was down US$3.56 at US$59.34 per barrel and the October natural gas contract was down US1.3¢ at US$2.67 per mmBTU.

The December gold contract was up US$1.90 at US$1,513.40 an ounce and the December copper contract was down US1.35¢ at US$2.63 a pound.