Canadian stock markets continue to surge, with all major indices trending in the green.
The market opening started at a low but saw a healthy gain that remained steady throughout the day. Energy and utilities held the top two spots, with commodity prices easing off.
Meanwhile, south of the border, U.S. markets also see a turn for the better, with giants FedEx and Nike stocks rising after both companies reported earnings above what was forecasted. Also, despite major indexes sitting in the red for most of December, US markets show signs of ending the year on a hopeful note.
Today in the Markets
The Canadian dollar traded for 73.50 cents US, compared to 73.44 cents US on Tuesday.
US crude futures traded $2.45 higher at $78.47 a barrel, and the Brent contract went up by $2.51 to $82.36 a barrel.
The price of gold was down US$3.51 to US$1,814.55.
In world markets, the Nikkei was down 180.31 points to 26,387.72, the Hang Seng was up 65.69 points to 19,160.49, the FTSE was up 126.70 points to 7,497.32, and the DAX was up 213.16 points to 14,097.82.
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