Canada’s main stock index rallied more than 1 per cent on Monday on strength in the financial and industrials sectors. The TSX moved higher on the broader rally supported by gains in mining, tech and utilities.
It was a similar story south of the border where markets recovered some of the heavy losses sustained in last week’s trading. Investors now anticipate the U.S. Federal Reserve initiating a rate cut cycle later in the month. Two important reports are due this week that could offer clues on Fed’s decision, one is the August consumer price report Wednesday and the producer price report on Thursday.
| TSX | 23,027.15 | +245.72 |  |
| TSXV | 548.96 | +3.74 | |
| CSE | 162.52 | +12.06 | |
| DJIA | 40,829.59 | +484.18 | |
| NASDAQ | 16,884.60 | +193.77 | |
| S&P 500 | 5,467.66 | +59.24 | |
The Canadian dollar traded for 73.73 cents U.S. compared with 74.70 cents U.S. on Friday.
U.S. crude futures traded $0.90 higher at $68.57 a barrel, and the Brent contract rose $0.64 to $71.70 a barrel.
The price of gold was up US$9.16 to US$2,505.82.
In world markets, the Nikkei was down 175.72 points to 36,215.75, the Hang Seng was down 247.34 points to 17,196.96, the FTSE was up 89.37 points at 8,270.84, and the DAX was up 141.66 points to 18,443.56.
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(Top image generated with AI)
