Canada’s main stock index closed the mid-week trading session on a high note as investors assessed big bank earnings, while exercising caution in making riskier bets ahead of a U.S. central bank meeting later this week.
After falling for five straight sessions, big banks were mixed in choppy trading on Wall Street.
Ahead of the U.S. Federal Reserve’s annual conference this week, recent economic data fuelled fears of a slowdown.
The previous session saw U.S. Treasury bond yields extended gains and hit a high not seen in weeks, but on Wednesday, high-growth and technology stock weakness put a damper on its movement.
Today in the Markets
The Canadian dollar traded for 77.10 cents US compared to 77.15 cents US on Tuesday.
US crude futures traded 1.38 per cent higher at $95.03 a barrel, while the Brent contract gained 1.14 per cent to $101.40 a barrel.
The price of gold was up US$4.55 to US$1,750.62.
In world markets, the Nikkei was down 139.28 points to 28,313.47, the Hang Seng was down 234.51 points to 19,268.74, the FTSE was down 16.60 points to 7,471.51, and the DAX was up 25.83 points to 13,220.06.
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