Canada’s benchmark stock index advanced to yet another new record high on Monday, building on last week’s momentum, driven by upbeat market sentiment in the U.S. and climbing commodity prices. Investor focus shifted toward the metals mining and energy sectors, as gold hit a record high amid increased demand for safe-haven assets. Oil also jumped around 1.5 per cent following OPEC+’s announcement of a smaller-than-anticipated production hike for November.
Meanwhile, Wall Street hovered near record levels, fuelled by continued gains in technology stocks. The ongoing excitement around artificial intelligence has been a key driver of the market’s upward trajectory, though it’s also sparking concerns that valuations may be overheating.
| TSX | 30,531.88 | +60.20 |  |
| TSXV | 989.98 | +25.94 | |
| CSE | 184.19 | +4.16 | |
| DJIA | 46,694.97 | -63.31 |  |
| NASDAQ | 22,941.67 | +161.16 | |
| S&P 500 | 6,740.28 | +24.49 | |
The Canadian dollar traded for 71.68 cents US compared to 71.67 cents US on Friday.
US crude futures traded $0.87 higher at US$61.75 a barrel, and the Brent contract rose US$1.02 to US$65.55 a barrel.
The price of gold was up US$73.43 to US$3,960.23.
In world markets, the Nikkei was up 2,175.26 points to ¥47,944.76, the Hang Seng was down 183.15 points to HK$26,957.77, the FTSE was down 7.47 points to ₤9,483.78, and the DAX was down 0.51 point to €24,378.29.
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