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