Canada’s main stock index began the shortened trading week on a higher note thanks to gains in energy and cyclical shares after investors returned from a long weekend, although losses among the tech, health care, and industrials sectors kept the rally in check.
Following a strong relief rally in the previous session, U.S. stock indexes fell as weak forecasts from firms including Snapchat owner Snap Inc., who slashed its Q2 earnings forecast and said the economy had worsened faster than expected, which added to worries over an inflation-struck economy. In June and July, markets are pricing in 50 basis point rate hikes by the Federal Reserve.
Today in the Markets
| TSX | 20,286.20 | +88.59 |  |
| TSXV | 700.66 | -1.43 |  |
| CSE | 325.72 | -10.07 | |
| DJIA | 31,928.62 | +48.38 | |
| NASDAQ | 11,264.45 | -270.83 | |
| S&P 500 | 3,941.48 | -32.27 | |
The Canadian dollar traded for 77.76 cents US compared to 78.13 cents US on Friday.
Crude oil prices were up 0.40 to $110.70.
The price of gold was up 11.56 to $1,865.33.
In world markets, the Nikkei was down 253.38 points to 26,748.14 the Hang Seng was down 357.96 points to 20,112.10 the FTSE was down 29.29 points to 7,484.35, and the DAX was down 255.65 points to 13,919.75.