Canada’s main stock index traded mostly flat on Monday, even with positive trends in the energy and gold sectors. However, the financial and industrial sectors, which hold significant weight, were the main underperformers, causing a mixed performance on the TSX along with a drop among health care and telecom shares.
The enthusiasm from last week’s interest rate reduction drove stocks to new record highs. This surge followed a successful week on Wall Street, which was fuelled by the U.S. Federal Reserve’s decision to decrease interest rates by 50 basis points, its first cut in four years.
| TSX | 23,894.71 | +27.34 |  |
| TSXV | 588.20 | +2.29 | |
| CSE | 160.12 | +1.70 | |
| DJIA | 42,124.65 | +61.29 | |
| NASDAQ | 17,974.27 | +25.95 | |
| S&P 500 | 5,718.57 | +16.02 | |
The Canadian dollar traded for 74.03 cents U.S. compared to 73.74 cents U.S. on Friday.
U.S. crude futures traded $0.46 lower at $70.54 a barrel, and the Brent contract lost $0.44 to $74.05 a barrel.
The price of gold was up US$6.24 to US$2,626.49.
In world markets, the Nikkei remained at 37,723.91, the Hang Seng was down 11.46 points to 18,247.11, the FTSE was up 26.77 points to 8,256.76, and the DAX was up 108.48 points to 18,828.49.
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(Top image generated with AI)
