The Globe and Mail reports in its Thursday edition that the Dow and the S&P 500 rose slightly on Wednesday after October data showed U.S. consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December. A Reuters dispatch to The Globe says that Toronto outperformed Wall Street, with the S&P/TSX Composite Index ending up 66.01 points at 24,989.02. That came amid the Canadian dollar sinking to a four-year low and money-market bets swinging in favour of the Bank of Canada implementing a more modest cut in interest rates next month. The Consumer Price Index (CPI) rose 0.2 per cent in October, meeting economists' forecasts. After the report, traders' bets reflected a more than 82-per-cent probability for a 25-basis-point interest-rate cut at the Fed's December meeting, up from 58.7 per cent on Monday. "There's some relief inflation didn't come in ahead of expectations. That was a concern coming into today's CPI report," said Angelo Kourkafas, strategist at Edward Jones. As of late Wednesday, implied probabilities in overnight swaps markets suggested a 61-per-cent chance of a 25-basis-point Bank of Canada cut at its next meeting Dec. 11.