Canada’s main stock index had a bumpy ride on Thursday, with the TSX closing in an otherwise broad decline, save for the health care sector. Investors were hopeful the US Federal Reserve’s latest rate hike might be the last in its tightening cycle.
The Dow Jones Industrial Average couldn’t score that historic win streak after all. Had it closed higher for the 14th consecutive session, it would have accomplished something that didn’t happened since June 1897, just over a year after it was established. However, traders did embrace a solid GDP report and Meta’s earnings results.
Today in the Markets
The Canadian dollar traded for 75.55 cents US, compared to 75.67 cents US on Wednesday.
US crude futures traded $1.13 higher at $79.91 a barrel, and the Brent contract added $0.99 to $83.91 a barrel.
The price of gold was down US$27.97 to US$1,944.12.
In world markets, the Nikkei was up 222.82 points to 32,891.16, the Hang Seng was up 273.97 points to 19,639.11, the FTSE was up 15.87 points to 7,692.76, and the DAX was up 274.57 points to 16,406.03.
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