Solid corporate earnings couldn’t keep investor sentiment afloat for Canada’s main stock index on Thursday. A tumble in telecom shares led to a series of losses that ended in a broad decline.


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Wall Street also saw red as the Treasury market made new recession signals. With equity bullishness on the rise, traders aren’t as optimistic as they were a few days ago. Government bond investors pushed two-year yields above 10-year yields by the widest margin since the early 1980s.

Today in the Markets

TSX 20,679.54 -45.46 TSX
TSXV 616.41 -7.04 TSXV
CSE 196.37 -2.34 TSXV
DJIA 33,949.01 -207.68 DJIA
NASDAQ 11,910.52 -203.27 NASDAQ
S&P 500 4,081.50 -43.67 S&P 500

The Canadian dollar traded for 74.29 cents US, compared to 74.40 cents US on Wednesday.

US crude futures traded $0.87 lower at $77.60 a barrel, while the Brent contract lost $1.01 to $84.08 a barrel.

The price of gold was down US$16.22 to US$1,859.21.

In world markets, the Nikkei was down -22.11 points to 27,584.35, the Hang Seng was up 340.84 points to 21,624.36, the FTSE was up +25.98 points to 7,911.15, and the DAX was up +111.37 points to 15,523.42.


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