Gains among the energy and materials markets helped kick the week off with a strong start for Canada’s benchmark stock index on Monday. Energy led the gainers, followed by the financial sector.
In light of easing bets of a mega interest-rate hike by the Federal Reserve, American stock indexes reversed course as bank stocks slid off track and Apple said it plans to slow hiring and spending growth next year.
Today in the Markets
The Canadian dollar traded for 77.09 cents US compared to 76.70 cents US on Friday.
US crude futures traded 4.64 per cent higher at $102.10 a barrel, while the Brent contract gained 4.35 per cent to $105.80 a barrel.
The price of gold was down US$3.05 to US$1,707.54.
In world markets, the Nikkei remained at 26,788.47, the Hang Seng was up 548.46 points to 20,846.18, the FTSE was up 57.32 points to 7,216.33, and the DAX was up 95.09 points to 12,959.81.
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