Strength in the health care and battery metals sectors pushed Canada’s main stock index higher in Monday trading. Barrick Gold led gains among miners after it reported a quarterly profit that beat analyst estimates. Financials, tech, and industrials were lower.
Following last week’s blockbuster jobs data, U.S. stock indexes were mixed as fears about an economic slowdown remain and traders expect hawkish moves from the Federal Reserve. Investors are now focused on consumer prices data set for release on Wednesday.
Today in the Markets
The Canadian dollar traded for 77.33 cents US compared to 77.31 cents US on Friday.
US crude futures traded 1.81 per cent higher at $90.62 a barrel, while the Brent contract gained 1.68 per cent to $96.51 a barrel.
The price of gold was up US$13.50 to US$1,804.70.
In world markets, the Nikkei was up 73.37 points to 28,249.24, the Hang Seng was down 156.17 points to 20,045.77, the FTSE was up 42.63 points to 7,482.37, and the DAX was up 113.76 points to 13,687.69.
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