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Despite a split among the indices, Canada’s benchmark stock index closed higher on Thursday thanks to a rebound in commodity prices. Gains in energy and materials offset losses in health care.

Wall Street’s main indexes worked to a flat close as traders sought new signals for future rate hikes. Minutes from the Federal Reserve’s July meeting suggested a less aggressive monetary policy tightening path. Economists now predict a greater probability that the Fed could raise rates by 50 basis points in September, rather than a third 75 basis-point hike.

Today in the Markets

TSX 20,265.37 +83.93 TSX
TSXV 662.61 +2.53 TSXV
CSE 289.50 +5.18 TSXV
DJIA 33,999.04 +18.72 DJIA
NASDAQ 12,965.34 +27.22 NASDAQ
S&P 500 4,283.74 +9.70 S&P 500

The Canadian dollar traded for 77.31 cents US compared to 77.52 cents US on Wednesday.

US crude futures traded 2.79 per cent higher at $90.57 a barrel, while the Brent contract gained 3.13 per cent to $96.58 a barrel.

The price of gold was down US$5.29 to US$1,759.68.

In world markets, the Nikkei was down 280.63 points to 28,942.14, the Hang Seng was down 158.54 points to 19,763.91, the FTSE was up 23.91points to 7,539.66, and the DAX was up 69.81points to 13,696.52.


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