Equities in Canada’s largest centre overcame steep losses on Wednesday to close on the higher side of flat. Following the previous session’s one-year low, the TSX rebounded on tech and utilities gains which beat energy and mining losses, tracking a decline in commodity prices.
U.S. markets also jumped back as Treasury yields eased from multiyear highs following much weaker-than-expected jobs data. as crude prices fell, energy was the S&P 500’s worst-performing sector.
The Canadian dollar traded for 72.77 cents U.S., compared to 72.94 cents U.S. on Tuesday.
U.S. crude futures traded $4.52 lower at $84.71 a barrel, and the Brent contract lost $4.68 to $86.24 a barrel.
The price of gold was down US$1.30 to US$1,822.38.
In world markets, the Nikkei was down 521.94 points to 31,237.94, the Hang Seng was down 478.44 points to 17,331.22, the FTSE was down 40.56 points to 7,470.16, and the DAX was down 162.00 points to 15,085.21.
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