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
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.
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