The financial sector once again helped provide gains for Canada’s main stock index, giving the TSX a 150-plus jump on Tuesday. The energy sector was not far behind in gains, though telecom and utilities finished in the red. Statistics Canada said the inflation rate rose 5.2 per cent year over year in February, the largest deceleration since April 2020.
US indexes also moved higher from the previous session’s rally. Following Treasury Secretary Janet Yellen’s latest reassurances to contain the banking crisis, traders continued to become optimistic.
Today in the Markets
The Canadian dollar traded for 72.89 cents US, compared to 73.16 cents US on Monday.
US crude futures traded $1.86 higher at $69.50 a barrel, and the Brent contract gained $1.41 to $75.20 a barrel.
The price of gold was down 38.46 to US$1,937.99.
In world markets, the Nikkei remained at 26,945.67, the Hang Seng was up 258.05 points to 19,258.76, the FTSE was up 132.37 points to 7,536.22, and the DAX was up 261.96 points to 15,195.34.
Get @ the Bell delivered to your email inbox every day!
DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.