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.
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
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.
Get @ the Bell delivered to your email inbox every day!
DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.