Source: Univar Solutions.

Futures for Canada’s benchmark stock index slid lower on Monday, snapping a three-session win streak. Materials and energy were in the red after top-consumer China set a lower-than-expected GDP target for the year. At this Wednesday’s meeting, investors don’t expect the Bank of Canada to hike rates. The BoC could potentially be the first major central bank to hit pause on monetary tightening.

Sponsored by
Commencement for a 1000 Meter Diamond Drilling Program – Visit us at PDAC

US stock markets were split to start the week. Traders await Federal Reserve Chair Jerome Powell’s testimony as well as a monthly jobs report later this week.

Today in the Markets

TSX 20,514.80 -66.78 TSX
TSXV 637.76 -5.22 TSXV
CSE 196.48 -1.59 TSXV
DJIA 33,431.44 +40.47 DJIA
NASDAQ 11,675.74 -13.27 NASDAQ
S&P 500 4,048.42 +2.78 S&P 500

The Canadian dollar traded for 73.43 cents US, compared to 73.56 cents US on Friday.

US crude futures traded $0.95 higher at $80.63 a barrel, and the Brent contract gained $0.50 to $86.33 a barrel.

The price of gold was down 6.72 to US$1,845.72.

In world markets, the Nikkei was up 310.31 points to 28,237.78, the Hang Seng was up 35.65 points to 20,603.19, the FTSE was down 17.32 points to 7,929.79, and the DAX was up 81.84 points to 15,660.23.

Get @ the Bell delivered to your email inbox every day!

Sign Up Here

DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
More From The Market Online

KWESST to provide situational awareness for the Canadian Red Cross

KWESST Micro Systems (TSXV:KWE) wins a contract to provide a situational awareness app to support the Canadian Red Cross.

Air Canada stock rises as service from Ottawa grows

Air Canada (TSX:AC) boosts its schedule serving Ottawa by almost 60 per cent with more flights across the nation.

Odd Burger to add 40 locations in Florida

Odd Burger (TSXV:ODD) will develop 40 new locations in Florida over the next eight years, with its sights set on further U.S. expansion.