Futures for Canada’s main stock index rose on Monday, helped by gains in energy and bank shares. This rode on the back of optimism among global markets that the financial sector’s turmoil could be brought under control. Gains in crude oil prices further aided sentiment. The health care and telecom sectors closed lower.
US stock futures were split, putting the market on track to build on last week’s gains. Some markets around the globe also saw a lift after US lender First Citizens BancShares said it would purchase the loans and deposits of failed Silicon Valley Bank, calming trader tension about the global financial system.
Today in the Markets
The Canadian dollar traded for 73.23 cents US, compared to 72.75 cents US on Friday.
US crude futures traded $3.77 higher at $73.03 a barrel, and the Brent contract gained $3.22 to $78.21 a barrel.
The price of gold was down 18.49 to US$1,957.24.
In world markets, the Nikkei was up 91.62 points to 27,476.87, the Hang Seng was down 347.99 points to 19,567.69, the FTSE was up 66.32 points to 7,471.77, and the DAX was up 170.45 points to 15,127.68.
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