Tracking the upbeat sentiment in global markets, Canada’s main stock index closed higher on Monday on expectations of the Federal Reserve easing rate hikes and optimism over China reopening its borders. However, the healthcare and telecom sectors moved lower.
US markets were split, defying last week’s gains when the market had posted its first weekly gain in five weeks. However, energy stocks were among the biggest winners as crude oil prices rose.
Today in the Markets
The Canadian dollar traded for 74.69 cents US, compared to 74.39 cents US on Friday.
US crude futures traded $1.03 higher at $74.80 a barrel, while the Brent contract gained $1.16 to $79.73 a barrel.
The price of gold was up US$0.83 to US$1,870.40.
In world markets, the Nikkei was up 153.05 points to 25,973.85, the Hang Seng was up 396.70 points to 21,388.34, the FTSE was up 25.45 points to 7,724.94, and the DAX was up 182.81 points to 14,792.83.
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