Tracking gains across global equities following a rebound in manufacturing activity in China, Canada’s main stock index moved higher on Wednesday. The TSX recouped its losses from the previous session. However, disappointing earnings from top banks continue to keep investors off big bets. Data showed that factory activity in China grew in February at the fastest pace in more than a decade. Health care, tech, and utilities also closed lower. The mining sector led the gainers, followed by energy and industrials.

US stock futures saw a split end to the first day of March, as traders tried to recover their footing following a losing month. Dour manufacturing data and Federal Reserve officials suggesting a more aggressive rate-hiking campaign in the coming months offered mixed results.

Today in the Markets

TSX 20,259.78 +38.59 TSX
TSXV 634.60 +4.14 TSXV
CSE 191.79 +0.24 TSXV
DJIA 32,661.84 +5.14 DJIA
NASDAQ 11,379.48 -76.06 NASDAQ
S&P 500 3,951.39 -18.76 S&P 500

The Canadian dollar traded for 73.53 cents US, compared to 73.28 cents US on Tuesday.

US crude futures traded $0.67 higher at $77.72 a barrel, and the Brent contract gained $0.94 to $84.39 a barrel.

The price of gold was up 11.50 to US$1,837.18.

In world markets, the Nikkei was up 70.97 points to 27,516.53, the Hang Seng was up 833.77 points to 20,619.71, the FTSE was up 38.65 points to 7,914.93, but the DAX was down 60.12 points to 15,305.02.


Get @ the Bell delivered to your email inbox every day!

Sign Up Here


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.
More From The Market Online

Tilray’s Breckenridge Brewery honors Denver Nuggets with new ale

Breckenridge Brewery, a subsidiary of Tilray Brands, launches a new ale to recognize the 2023 NBA championship-winning Denver Nuggets.

Record new users sign up to Bitcoin Well after popular YouTube feature

Non-custodial crypto business Bitcoin Well (TSXV:BTCW) announces it has signed up a record number of new users to its platform.