On the last day of the first quarter, Canada’s benchmark stock index closed higher once more. Industrials led the gainers, while telecom was the lone decliner. The federal government approved Rogers Communications Inc’s. (TSX:RCI.A and RCI.B) $26-billion takeover of Shaw Communications Inc. (TSX:SJR.B and TSXV:SJR.A). Statistics Canada reported Gross Domestic Product rose 0.5 per cent in January, both goods-producing and services-producing industries expanded that month. Traders kept cautious ahead of domestic economic growth data and key US inflation numbers.
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Investors are scanning for signs that inflation is cooling, which could lead to the US Federal Reserve is wrapping up its rate-hiking campaign soon. As eyes were focused on the Trump indictment, the Fed released the personal consumption expenditures index, its preferred inflation gauge.
Today in the Markets
| TSX | 19,099.89 | +158.90 |  |
| TSXV | 634.42 | +4.41 | |
| CSE | 170.01 | -0.73 |  |
| DJIA | 33,274.15 | +415.12 | |
| NASDAQ | 12,221.91 | +208.44 | |
| S&P 500 | 4,095.86 | +45.03 | |
The Canadian dollar traded for 73.97 cents US, compared to 73.94 cents US on Thursday.
US crude futures traded $1.21 higher at $75.58 a barrel, and the Brent contract added $0.50 to $79.77 a barrel.
The price of gold was down US$9.80 to US$1,970.50.
In world markets, the Nikkei was up 258.55 points to 28,041.48, the Hang Seng was up 90.98 points to 20,400.11, the FTSE was up 11.31 points to 7,631.74, and the DAX was up 106.44 points to 15,628.84.
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