Canada's main stock index opened higher on Wednesday ahead of Prime Minister Justin Trudeau's announcement of a what he says is a far-reaching plan to address the economic pain due to the COVID-19 pandemic.

At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 51.58 points, or 0.32pc, at 16,194.47.