The Canadian markets finally began to take a positive turn, with most large-cap sectors in the green.
The Bank of Canada recently announced it is looking to steady crypto investments with a new report emphasizing the need to regulate said assets; otherwise, there could be severe risks for the overall financial system.
South of the border, U.S. stocks saw a similar trend, with energy and big pharma drawing back investors’ attention. Despite this, Wall Street strategists are still foreshadowing that a 2008 recession repeat is soon to come.
Today in the Markets
The Canadian dollar traded for 73.44 cents US, compared to 73.26 cents US on Monday.
US crude futures traded $0.39 higher at $76.02 a barrel, while the Brent contract went down by $0.23 to $79.87 a barrel.
The price of gold was up US$30.61 to US$1,818.06.
In world markets, the Nikkei was down 669.61 points to 26.568.03, the Hang Seng was down 258.01 points to 19,094.80, the FTSE was up 9.31 points to 7,370.62, and the DAX was down 58.21 points to 13,884.66.
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