A day after posting its longest streak of daily declines since May, Canada’s main stock index rose on Wednesday led by precious metal miners and technology stocks. Utilities was the only sector to close lower.
US markets also closed higher as easing Treasury yields lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple after it dropped plans to increase iPhone production.
Today in the Markets
The Canadian dollar traded for 73.37 cents US compared to 72.85 cents US on Tuesday.
US crude futures traded 4.60 per cent higher at $82.11 a barrel, while the Brent contract gained 3.49 per cent to $89.28 a barrel.
The price of gold was up US31.70 to US$1,667.90.
In world markets, the Nikkei was down 397.89 points to 26,173.98, the Hang Seng was down 609.43 points to 17,250.88, the FTSE was up 21.25 points to 7,152.90, and the DAX was up 43.60 points to 12,183.28.
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