Canada’s main stock index continued earning gains on Monday as investors await the Bank of Canada’s interest rate decision later this week, while technology companies led gainers, tracking their contemporaries on Wall Street.
South of the border, U.S. stock markets also rose on trader belief that less aggressive US interest rate hikes are expected this year, with inflation cooling from sky-high levels.
Today in the Markets
The Canadian dollar traded for 74.72 cents US, compared to 74.72 cents US on Friday.
US crude futures traded $0.05 lower at $81.59 a barrel, but the Brent contract gained $0.47 to $88.10 a barrel.
The price of gold was up US$0.26 to US$1,927.23.
In world markets, the Nikkei was up 352.51 points to 26,906.04, the Hang Seng remained at 22,044.65, the FTSE was up 14.08 points to 7,784.67, and the DAX was up 69.39 points to 15,102.95.
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