Supported by rising crude prices, Canada’s main stock index rose on Thursday, reaching yet another intraday record high. Energy led the gains on the TSX followed by the financial market while the tech sector led decliners, followed by industrials shares. The loonie dove to a low not seen in four years.
US Federal Reserve Chair Jerome Powell gave a speech on the pace of future American policy reduction and stated that the central bank is not in a rush to lower interest rates and should make policy moves under careful consideration.
| TSX | 25,049.67 | +60.65 |  |
| TSXV | 590.51 | -3.21 |  |
| CSE | 144.34 | -3.12 | |
| DJIA | 43,750.86 | -207.33 | |
| NASDAQ | 19,107.65 | -123.07 | |
| S&P 500 | 5,949.17 | -36.21 | |
The Canadian dollar traded for 71.11 cents US compared to 71.43 cents US on Wednesday.
US crude futures traded $0.25 higher at US$68.68 a barrel, and the Brent contract rose $0.24 to US$72.52 a barrel.
The price of gold was down US$13.15 to US$2,568.11.
In world markets, the Nikkei was down 185.96 points to 38,535.70, the Hang Seng was down 387.64 points to 19,435.81, the FTSE was up 40.86 points to 8,071.19, and the DAX was up 260.59 points to 19,263.70.
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(Top image generated with AI)
