"The Fed made it pretty clear that the economic slowdown is transitory and as long as the economic data picks up, we should see a rate hike next month".
Best Buy BBY.N surged 12 percent as its comparable sales unexpectedly increased, making it the biggest boost on the S&P.
The S&P 500 climbed 5.97 points, or 0.3% to settle at 2,404.39, with real estate leading advancers.
Nvidia Corp. added 1.1% after Bloomberg reported that Japanese SoftBank Group Corp. had amassed a $4 billion stake in the chip maker.
The central bank held interest rates steady on Wednesday as expected, but noted strong spending by Canadians along with a housing boom and job growth.
USA stocks are climbing for the sixth day in a row Thursday as strong quarterly results from retailers including Best Buy, Williams-Sonoma and PVH give consumer-focused companies a lift.
The yuan had seen minor weakness in the previous session after Moody's Investors Services unexpectedly downgraded China's long-term local and foreign currency issuer ratings, citing expectations that China's financial strength would dwindle as growth slowed and borrowing increased.
Hang Seng Index was increased by 0.6%, the Shanghai Composite also increasing by 1.43 or 43.7971 points almost hitting the 3,107.873 mark, and the Shenzhen Composite also rising up by a total of 0.725% or 13.0341 points at 1,811.9033.
Fed policymakers also discussed at length the reasons for the first-quarter slowdown and why a measure of underlying price gains also fell further below their 2 percent inflation target, according to the minutes. The benchmark NY rate was down 1.3 percent at $50.72 a barrel while Brent, the global standard, fell 1.1 percent to $53.35. Australia's S&P ASX 200 rose 0.2 percent to 5,777.50.
Investors await the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.
ANALYST TAKE: "While a 9-month extension to production cuts is widely anticipated, comments from delegates are expected to move prices significantly and remain a driver throughout the day", said Henry Croft, research analyst at Accendo Markets.
"EM FX in general floated higher in reaction to a weakened dollar overnight and this should portend a heavier tone for USD-Asia intra-day", OCBC Bank currency economist Emmanuel Ng said in a note.
USD/JPY gained 0.34% to 111.88, while USD/CHF edged down 0.12% to 0.9717.