The Canadian markets saw a surprising up trend, with most major sectors seeing generous gains before the Christmas weekend. Recent reports continue to show data on inflation prices beginning to slow down.
The US markets started the day with a back-and-forth trend but ended with its large-cap sectors closing in the green.
The Fed has been putting out more news on supply chain bottlenecks lessening. However, it still expects 2023’s personal consumption expenditures inflation to rise higher than what banks are targeting.
Today in the Markets
The Canadian dollar traded for 73.57 cents US, compared to 73.30 cents US on Thursday.
US crude futures traded $1.42 higher at $79.62 a barrel, and the Brent contract went up $2.34 to $83.92 a barrel.
The price of gold was up US$6.56 to US$1,797.98.
In world markets, the Nikkei was down 272.62 points to 26,235.25, the Hang Seng was down 86.16 points to 19,593.06, the FTSE was up 3.73 points to 7,473.01, and the DAX was up 26.86 points to 13,940.93.
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