On Thursday, Canada’s main stock index dropped for the sixth straight session. Markets have been impacted by rising bond yields that pressured economically sensitive sectors like industrials and real estate. The utilities and financial sectors provided some lift for the TSX.
Sponsored by
The Dow Jones Industrial Average rose, recovering from its 10th consecutive loss. This rebound in stocks followed the Federal Reserve’s big move against the strong bull market in the previous session, indicating that it is likely to reduce interest rates only twice next year, instead of the four cuts previously forecasted. A federal spending bill has been scrapped, the country faces a possible government shutdown as soon as 12:01 am on Saturday, Dec. 21st.
| TSX | 24,413.94 | -143.06 |  |
| TSXV | 582.59 | +0.28 |  |
| CSE | 127.73 | -1.43 | |
| DJIA | 42,342.24 | +15.37 | |
| NASDAQ | 19,372.77 | -19.93 | |
| S&P 500 | 5,867.87 | -4.29 | |
The Canadian dollar traded for 69.50 cents US compared to 69.30 cents US on Wednesday.
US crude futures traded $0.73 lower at US$69.85 a barrel, and the Brent contract lost $0.79 to US$72.60 a barrel.
The price of gold was down US$31.81 to US$2,598.07.
In world markets, the Nikkei was down 268.13 points to 38,813.58, the Hang Seng was down 112.04 points to 19,752.51, the FTSE was down 93.79 points to 8,105.32, and the DAX was down 272.71 points to 19,969.86.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image generated with AI.)
