Canada’s benchmark stock index climbed on Thursday, supported by stable gold prices and the high price of oil, as investors monitored developments in the Middle East and awaited a pivotal US-China summit.
President Donald Trump is expected to seek China’s assistance in resolving the unpopular conflict in Iran, as negotiations between Tehran and Washington remain at a standstill. Meanwhile, the Dow Jones Industrial Average reclaimed the 50,000 level during the session, boosted by strong earnings from Cisco Systems (NASDAQ:CSCO), which closed 13 per cent higher.
| TSX | 34,268.27 | +226.84 |  |
| TSXV | 1,015.07 | -1.05 |  |
| CSE | 176.07 | -2.82 | |
| DJIA | 50,063.46 | +370.26 | |
| NASDAQ | 26,635.22 | +232.88 | |
| S&P 500 | 7,501.24 | +56.99 | |
The Canadian dollar traded for 72.86 cents US compared to 72.97 cents US on Wednesday.
US crude futures traded $0.06 lower at US$101.00 a barrel, and the Brent contract lost $0.36 to US$105.30 a barrel.
The price of gold was down US$21.38 to US$4,676.88.
In world markets, the Nikkei was down 618.06 points to ¥62,654.05, the Hang Seng was up 0.60 of a point to HK$26,389.04, the FTSE was up 47.58 points to ₤10,372.93, and the DAX was up 315.81 points to €24,452.62.
