Even though there were early declines among significant sectors across Canada’s main stock index, the TSX reached a new record high on Thursday . Rapid growth among the energy, industrials, and tech sectors led the gainers.
Statistics Canada reported that the industrial product price index rose 1.2 per cent in October month over month and increased 1.1 per cent year over year. The Raw Materials Price Index also increased 3.8 per cent month over month but fell 2.8 per cent year over year.
US markets also rallied highe,r and retail and tech companies involved with AI like Nvidia (NASDAQ:NVDA) and Snowflake (NYSE:SNOW) reported better-than-expected Q3 results. Bitcoin also crossed the US$98,000 level for the first time.
| TSX | 25,390.68 | +354.22 |  |
| TSXV | 599.11 | +2.86 | |
| CSE | 139.45 | -2.70 |  |
| DJIA | 43,870.35 | +461.88 | |
| NASDAQ | 18,972.42 | +6.28 | |
| S&P 500 | 5,948.71 | +31.60 | |
The Canadian dollar traded for 71.58 cents US compared to 71.52 cents US on Wednesday.
US crude futures traded US$1.43 higher at US$70.18 a barrel, and the Brent contract added US$1.51 to US$74.32 a barrel.
The price of gold was up US$21.99 to US$2,669.48.
In world markets, the Nikkei was down 326.17 points to 38,026.17, the Hang Seng was down 103.90 points to 19,601.11, the FTSE was up 64.20 points to 8,149.27, and the DAX was up 141.39 points to 19,146.17.
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(Top image generated with AI)
