(Reuters) - Canada's main stock index opened higher on Wednesday as markets cheered on softer-than-expected inflation data from the U.S. that cemented rate cut bets for this year, along with a jump in information technology shares.

At 9:32 a.m. ET (13:32 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 67.24 points, or 0.3%, at 22,310.58.

(Reporting by Khushi Singh in Bengaluru; Editing by Tasim Zahid)