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Be the first with the news that moves the marketCanada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains. Last week’s economic data out of the United States last week sparked fears of further interest rate hikes by the Federal Reserve.
US stock markets also closed lower as traders took a step back on moves dictated by when the Fed could start cutting rates after the latest payrolls report showed the US economy added jobs at a rapid pace in January.
Today in the Markets
| TSX | 20,628.92 | -129.42 |  |
| TSXV | 613.60 | -6.49 |  |
| CSE | 200.60 | +1.38 | |
| DJIA | 33,891.02 | -34.99 | |
| NASDAQ | 11,887.45 | -119.50 | |
| S&P 500 | 4,109.87 | -26.61 | |
The Canadian dollar traded for 74.38 cents US, compared to 74.63 cents US on Friday.
US crude futures traded $1.04 higher at $74.43 a barrel, while the Brent contract gained $1.35 to $81.29 a barrel.
The price of gold was up US3.07 to US$1,868.45.
In world markets, the Nikkei was up 184.19 points to 27,693.65, the Hang Seng was down 438.31 points to 21,222.16, the FTSE was down 65.09 points to 7,836.71, and the DAX was down 130.52 points to 15,345.91.
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