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A slew of strong quarterly results and a jump in commodities helped lift Equities in Canada’s biggest market on Thursday. As investors continued to digest corporate earnings, gold miners helped lead the charge to push the TSX higher in a mostly broad rally. The health care sector was the only decliner.

Following bleak forecasts from Meta and Qualcomm, coupled with an early reading which showed the U.S. economy contracted again in Q2, Wall Street’s main indexes opened mixed, but closed higher.

Markets have struggled under concerns of runaway inflation coupled with aggressive monetary policy tightening biting into economic growth. The Commerce Department said in its advance estimate that the GDP fell at a 0.9 per cent annualized rate last quarter.

Today in the Markets

TSX 19,456.71 +202.15 TSX
TSXV 635.41 +15.65 TSXV
CSE 280.51 -1.53 TSXV
DJIA 32,529.63 +332.04 DJIA
NASDAQ 12,162.59 +130.17 NASDAQ
S&P 500 4,072.43 +48.82 S&P 500

The Canadian dollar traded for 78.02 cents US compared to 77.97 cents US on Wednesday.

US crude futures traded 0.21 of a per cent lower at $97.06 a barrel, while the Brent contract gained 0.72 of a per cent to $107.40 a barrel.

The price of gold was up US$15.96 to US$1,755.08.

In world markets, the Nikkei was up 99.73 points to 27,815.48, the Hang Seng was down 47.36 points to 20,622.68, the FTSE was down 2.98 points to 2.98, and the DAX was up 115.73 points to 13,282.11.

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