Canada’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.
Get @ the Bell delivered to your email inbox every day!
DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
