The TSX regained momentum on Thursday, driven by gains in resource and health-care stocks, while the Bank of Canada kept interest rates unchanged. Mining shares advanced alongside stronger gold and silver prices, and consumer discretionary stocks rebounded after two consecutive sessions of losses.
US markets also moved higher as Treasury yields paused their recent climb, which had pushed them to multi-year highs. Meanwhile, tensions in the Middle East escalated after US forces struck targets along Iran’s southern coast and Iran responded with attacks on American bases in the region. Despite the renewed conflict, oil prices were largely unchanged after reaching one-month highs earlier in the trading day.
| TSX | 36,633.12 | +541.51 | |
| TSXV | 972.00 | +9.50 | |
| CSE | 167.29 | +0.64 | |
| DJIA | 53,686.11 | +624.16 | |
| NASDAQ | 26,584.06 | +366.23 | |
| S&P 500 | 7,747.71 | +81.11 | |
The Canadian dollar traded for 72.50 cents US compared to 72.25 cents US on Wednesday.
US crude futures traded $0.04 higher at US$91.05 a barrel, and the Brent contract lost $0.46 to US$96.17 a barrel.
The price of gold was up US$117.04 to US$4,486.56.
In world markets, the Nikkei was down 111.16 points to ¥64,214.48, the Hang Seng was down 97.90 points to HK$25,213.31, the FTSE was up 75.07 points to ₤10,831.52, and the DAX was up 163.99 points to €26,003.32.