Canada’s resource-heavy main stock index moved upward on Wednesday thanks to a recovery in metal prices. The TSX fell in the previous session as weak data from China riled up investor expectations of more stimulus from the top metal consumer in the world. While the energy, industrial, and utilities markets were up, the financial, mining, and health care sectors ended lower.
US stock futures also moved higher as Wall Street tried to get back on track after a decline in the previous session.
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The Canadian dollar traded for 74.55 cents US, compared to 74.54 cents US on Tuesday.
US crude futures traded $1.38 higher at $84.30 a barrel, and the Brent contract added $1.32 to $87.49 a barrel.
The price of gold was down US$9.07 to US$1,916.44.
In world markets, the Nikkei was down 172.96 points to 32,204.33, the Hang Seng was up 61.86 points to 19,246.03, the FTSE was up 59.88 points to 7,587.30, and the DAX was up 77.65 points to 15,852.58.
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