Equities in Canada’s main stock index rose on Wednesday, with technology leading the gainers. Success for the TSX was capped by losses sustained across the mining, utilities, and financial sectors.
Chip stocks sagged south of the border after media reports that the United States was weighing new export restrictions to China. Traders are looking to close the book on the best first half the NASDAQ has seen in four decades. The index has been riding high on a wave of optimism around AI stocks that has given substantial support to several mega-cap tech stocks.
The Canadian dollar traded for 75.47 cents US, compared to 75.85 cents US on Tuesday.
U.S. crude futures traded $1.52 higher at $69.22 a barrel, and the Brent contract added $1.42 to $73.68 a barrel.
The price of gold was down US$5.31 to US$1,910.23.
In world markets, the Nikkei was up 655.66 points to 33,193.99, the Hang Seng was up 23.92 points to 19,172.05, the FTSE was up 39.03points to 7,500.49, and the DAX was up 102.14 points to 15,949.00.
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