Canada’s main stock index saw another flat close to start the trading week. This week’s data on U.S. inflation and the Bank of Canada’s decision on monetary policy weighed on investors’ minds. The financial sector closed in the red on the TSX to join decliners such as the telecom and utilities sectors, though energy and mining provided some lift.
As the corporate earnings season kicks off, US markets were up, but saw little overall growth ahead of new inflation data for the Federal Reserve to look through before its next policy meeting later this month.
Today in the Markets
The Canadian dollar traded for 75.29 cents U.S., compared with 75.30 cents U.S. on Friday.
US crude futures traded $0.76 lower at $73.10 a barrel, and the Brent contract lost $0.67 to $77.80 a barrel.
The price of gold was up US$14.12 to US$1,925.89.
In world markets, the Nikkei was down 198.69 points to 32,189.73, the Hang Seng was up 114.02 points to 18,479.72, the FTSE was up 16.85 points to 7,273.79, and the DAX was up 69.76 points to 15,673.16.
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