Canada’s main stock index overcame early losses thanks to a recovery in the technology and energy sectors. The mining, financial, and telecom sectors moved lower.
Stocks moved modestly higher on Wall Street ahead of the Federal Reserve’s final policy meeting of the year. The Fed is expected to raise its benchmark interest rate by half a percentage point. A consumer price update is also on deck this week.
Today in the Markets
The Canadian dollar traded for 73.36 cents US, compared to 73.35 cents US on Friday.
US crude futures traded $2.15 higher at $73.17 a barrel, while the Brent contract gained $1.87 to $77.97 a barrel.
The price of gold was down US$15.74 to US$1,779.27.
In world markets, the Nikkei was down 58.68 points to 27,842.33, the Hang Seng was down 437.24 points to 19,463.63, the FTSE was down 30.66 points to 7,445.97, and the DAX was down 64.09 points to 14,306.63.
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