Canada’s main stock index surged on Monday in a broad increase across sectors led by the energy sector. The price of oil topped US$80 a barrel.

Major indexes on both sides of the border ended a volatile Q3 lower last week as fears grew over the U.S. Federal Reserve’s aggressive monetary policy and the chances it could tip the economy into recession. U.S. stock indexes climbed although losses in Tesla capped the growth for NASDAQ futures after the electric-vehicle maker missed quarterly delivery targets.

Today in the Markets

TSX 18,881.19 +436.97 TSX
TSXV 607.98 +13.85 TSXV
CSE 244.82 +1.88 TSXV
DJIA 29,490.89 +765.38 DJIA
NASDAQ 10,815.44 +239.82 NASDAQ
S&P 500 3,678.43 +92.81 S&P 500

The Canadian dollar traded for 73.39 cents US compared to 72.38 cents US on Friday.

US crude futures traded 4.73 per cent higher at $83.25 a barrel, while the Brent contract gained 4.12 per cent to $88.65 a barrel.

The price of gold was up US35.55 to US$1,699.85.

In world markets, the Nikkei was up 278.58 points to 26,215.79, the Hang Seng was down 143.32 points to 17,079.51, the FTSE was up 15.28 points to 7,060.85, and the DAX was up 95.12 points to 12,209.48.


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

@ the Bell: Markets advance on mining and financial support

Canada's main stock index inched higher on Wednesday, tracking an uptick in precious metals prices, though a drop in oil prices capped gains.
The Market Online Video

Prospera Energy plots success with proven reserves, M&A plans

Prospera Energy (TSXV:PEI) CEO Samuel David discusses the company's latest news and the forecast for 2024 in an exclusive interview.

@ the Bell: Markets stagnant under mounting losses

The financial sector led the positive movement on Canada’s resources-heavy stock index while energy shares were another source of losses.