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Thanks to broad-based gains led by the mining and energy sectors, Canada’s main stock index climbed higher on Thursday. One of the largest gainers on the TSX was Crescent Point Energy, who added nearly 14 per cent to $9.50 per share after it hiked its quarterly dividend for the second time in two months.

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South of the border, markets also closed higher following aggressive interest rate hikes to tackle inflation. Investors continue to assess the outlook for monetary policy amid growing concerns about an economic downturn.

Today in the Markets

TSX 19,063.17 +333.51 TSX
TSXV 614.20 +11.85 TSXV
CSE 271.12 +2.80 TSXV
DJIA 31,384.55 +346.87 DJIA
NASDAQ 11,621.35 +259.49 NASDAQ
S&P 500 3,902.62 +57.54 S&P 500

The Canadian dollar traded for 77.06 cents US compared to 76.58 cents US on Wednesday.

US crude futures traded 4.26 per cent higher at $102.70 a barrel, while the Brent contract gained 3.97 per cent to $104.70 a barrel.

The price of gold was down US$25.59 US to $1,739.30.

In world markets, the Nikkei was up 382.88 points to 26,490.53 the Hang Seng was up 56.92 points to 21,643.58, the FTSE was up 81.31 points to 7,189.08, and the DAX was up 248.70 points to 12,843.22.

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