Canada’s main stock index lost more ground on Thursday. This followed the US Federal Reserve’s quarter of a percentage-point rate hike in the previous session. The tech and telecom sectors were the only indices to post gains. Traders are also tracking developments from the Bank of England rate decision and news conference.


Sponsored by
Vertex Reports Record Fourth Quarter and Year End 2022 Results


US markets closed higher as the Fed released the latest projections on where rates are heading, with the median forecast of the federal funds rate at 5.1 per cent at the end of this year, up from its current range of 4.75 per cent to 5 per cent. The yield on the two-year Treasury sunk to 3.46 per cent from 4.13 per cent.

Today in the Markets

TSX 19,459.92 -72.86 TSX
TSXV 608.65 +2.63 TSXV
CSE 175.39 -2.95 TSXV
DJIA 32,105.25 +75.14 DJIA
NASDAQ 11,787.40 +117.44 NASDAQ
S&P 500 3,961.18 +24.21 S&P 500

The Canadian dollar traded for 72.90 cents US, compared to 72.86 cents US on Wednesday.

US crude futures traded $1.58 higher at $69.32 a barrel, and the Brent contract lost $1.37 to $75.32 a barrel.

The price of gold was up 27.99 to US$1,997.76.

In world markets, the Nikkei was down 47.00 points to 27,419.61, the Hang Seng was up 458.21 points to 20,049.64, the FTSE was down 67.24 points to 7,499.60, and the DAX was down 5.80 points to 15,210.39.


Get @ the Bell delivered to your email inbox every day!

Sign Up Here


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.
More From The Market Online

Foraco International exits Russia

Foraco International (TSX:FAR) announced the completion of the sale of its shareholding in its subsidiary, EDC Russia.

Undervalued copper stock reports more stellar results

Pampa Metals (CSE:PM), an undervalued copper stock, reveals outstanding final assays from its Piuquenes project in Argentina.

Sona Nanotech files patent application for photothermal light device

Sona Nanotech (CSE:SONA) submits a patent application to the U.S. Patent and Trademark Office for its proprietary photothermal light device.
Canada Nickel Company logo

Canada Nickel makes new discovery

Canada Nickel (TSXV:CNC) reports a mineral discovery at its Newmarket property and the best drill result to date from its Reid property.