Canada’s main stock index hit a new all-time high on Wednesday, driven by dip-buying activity following Friday’s decline and ongoing evaluations of corporate earnings. The tech segment was by far the top gaining sector on the TSX while a large wave of losses among the energy, industrials, health care, and mining markets capped growth.
US equities also advanced as investors reviewed the latest round of earnings reports after a previous downturn on Wall Street. Apple (NASDAQ:AAPL) shares rose more than 5 per cent after a White House official announced that the company plans to increase its domestic manufacturing investment by US$100 billion, bringing its total US investment to US$600 billion over the next four years.
| TSX | 27,920.87 | +350.79 |  |
| TSXV | 786.54 | +2.86 | |
| CSE | 138.79 | -1.66 |  |
| DJIA | 44,193.12 | +81.38 | |
| NASDAQ | 21,169.42 | +252.87 | |
| S&P 500 | 6,345.06 | +45.87 | |
The Canadian dollar traded for 72.76 cents US compared to 72.55 cents US on Tuesday.
US crude futures traded US$1.07 lower at US$64.09 a barrel, and the Brent contract lost US$1.00 to US$66.44 a barrel.
The price of gold was down US$9.32 to US$3,370.92.
In world markets, the Nikkei was up 245.32 points to ¥40,794.86, the Hang Seng was up 8.10 points to HK$24,910.63, the FTSE was up 21.58 points to ₤9,164.31, and the DAX was up 78.29 points to €23,924.36.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.