(Stock image generated with AI.)

Canada’s main stock index scored yet another net high on Monday, extending momentum after notching its seventh consecutive weekly advance last week. Investors responded positively to the Bank of Canada’s interest rate cut aimed at bolstering the domestic economy.

Meanwhile, the main US indices rose to all-time highs after a strong performance the previous week, during which both the Dow Jones Industrial Average and the S&P 500 reached new record highs.

TSX29,958.98+190.62TSX
TSXV922.33+17.53TSXV
CSE163.00+0.96CSE
DJIA46,381.54+66.27DJIA
NASDAQ22,788.98+157.50NASDAQ
S&P 5006,693.75 +29.39S&P 500

The Canadian dollar traded for 72.30 cents US compared to 72.58 cents US on Friday.

US crude futures traded $0.04 lower at US$62.64 a barrel, and the Brent contract lost $0.06 to US$66.62 a barrel.

The price of gold was up US$61.70 to US$3,747.48.

In world markets, the Nikkei was up 447.85 points to ¥45,493.66, the Hang Seng was down 200.96 points to HK$26,344.14, the FTSE was up 10.01 points to ₤9,226.68, and the DAX was down 112.36 points to €23,527.05.


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