Half the week in, and it has been a bumpy ride for Canada’s main stock index. Though it was a rough start to the trading session, the TSX closed higher on Wednesday, led by gains in the utility sector. Investors remain cautious before Thursday’s release of U.S. inflation numbers.
South of the border, markets also moved solidly higher as Wall Street braces for a crucial inflation reading and big bank earnings later this week.
Today in the Markets
The Canadian dollar traded for 74.51 cents US, compared to 74.49 cents US on Tuesday.
US crude futures traded $2.44 higher at $77.56 a barrel, while the Brent contract gained $2.73 to $82.83 a barrel.
The price of gold was down US$0.48 to US$1,876.49.
In world markets, the Nikkei was up 270.44 points to 26,446.00, the Hang Seng was up 104.59 points to 21,436.05, the FTSE was up 34.24 points to 7,728.73, and the DAX was up 173.31 points to 14,947.91.
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