After eight days ending in the red, Canada’s main stock index returned to fine form after the fallout from last week’s major sell-off. The financial sector led gainers on the TSX, followed by industrials, boosted by Air Canada’s latest earnings numbers.
Traders south of the border prepare for a big week ahead filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report. The central bank is expected to hold its benchmark interest rate at the same level, and pundits are predicting the Fed to be done raising rates at least for 2023.
TSX | 18,856.76 | +119.37 | |
TSXV | 513.44 | -7.07 | |
CSE | 143.24 | -2.27 | |
DJIA | 32,928.96 | +511.37 | |
NASDAQ | 12,789.48 | +146.47 | |
S&P 500 | 4,166.81 | +49.44 | |
The Canadian dollar traded for 72.34 cents U.S., compared with 72.07 cents U.S. on Friday.
U.S. crude futures traded $3.04 lower at $82.50 a barrel, and the Brent contract lost $2.68 to $87.80 a barrel.
The price of gold was down US$7.24 to US$1,995.64.
In world markets, the Nikkei was down 294.73 points to 30,696.96, the Hang Seng was up 7.63 points to 17,406.36, the FTSE was up 36.11 points to 7,327.39, and the DAX was up 26.86 points to 14,714.27.
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