Canada’s main stock index closed Thursday in the green, as miners and energy firms tracked rising commodity prices following an unexpected decline in U.S. consumer prices for the first time in more than 2.5 years in December. Industrials and utilities were the TSX’s decliners, while industrial and tech shares mounted a comeback.
New inflation figures led to a market gain on Wall Street as data showed the annual rate of inflation in the U.S. slowed to 6.5 per cent last month, down from 7.1 per cent in November. Traders have been awaiting these reports, hoping for some indication of the Federal Reserve’s next move around interest rates.
Today in the Markets
The Canadian dollar traded for 74.84 cents US, compared to 74.51 cents US on Wednesday.
US crude futures traded $1.03 higher at $78.44 a barrel, while the Brent contract gained $1.37 to $84.04 a barrel.
The price of gold was up US$18.28 to US$1,895.29.
In world markets, the Nikkei was up 3.82 points to 26,449.82, the Hang Seng was up 78.05 points to 21,514.10, the FTSE was up 69.06 points to 7,794.04, and the DAX was up 110.39 points to 15,058.30.
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