Market Herald logo


Be the first with the news that moves the market

Futures for Canada’s main stock index slid south on Monday, led lower by financial and mining declines, while investors awaited the Bank of Canada’s rate-setting decision set for later in the week. The tech sector was the only market to see gains.

Sponsored by
Electric Royalties: Two Revenue Producing Royalties & More on the Way

US markets also fell into the red, coming off a major rally at the end of last week following a solid May jobs report. Traders took those numbers to mean a recession might not be in the economy’s future. Once the debt ceiling bill was passed, this sentiment was solidified … for now.

S&P 5004,276.51-5.86S&P 500

The Canadian dollar traded for 74.43 cents US, compared to 74.46 cents US on Friday.

US crude futures traded $0.50 higher at $72.24 a barrel, and the Brent contract added $0.65 to $76.78 a barrel.

The price of gold was down US$12.74 to US$ 1,962.06.

In world markets, the Nikkei was up 693.21 points to 32,217.43, the Hang Seng was up 158.56 points to 19,108.50, the FTSE was down 7.29 points to 7,599.99, and the DAX was down 87.34 points to 15,963.89.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, click here.

More From The Market Herald

WK Kellogg Co shares drop after spinout from Kellanova

WK Kellogg Co (NYSE:KLG) has officially launched its shares on the New York Stock Exchange as an independent company.

Bombardier stock continues market-beating rally with unique offering

Bombardier, an outperforming aviation stock, is in the green after debuting a strategic expansion of its cost-per-flight-hour program.

Diversified mining stock hits mineralization on 50th consecutive drill hole

Green River Gold, a diversified mining stock, is announcing positive drill results from its Quesnel nickel project near Quesnel, B.C.

@ the Bell: Q4 off to a rough start for the TSX

The final quarter of 2023 began on a dim note for Canada’s main stock index, which continued its decline on Monday.