Markets on both sides of the border took a nosedive on Thursday, with the Democrats taking control of Congress in the US midterm elections.
Markets essentially lost the gains made in yesterday’s rally. It was announced that the Democrats will win at least 250 House seats, its largest House majority since 2008.
Now traders are waiting for Canada’s upcoming employment report, set for release on Friday.
| TSX | 35,605.27 | -736.13 |  |
| TSXV | 806.32 | -8.05 | |
| CSE | 125.08 | -4.84 | |
| DJIA | 51,523.06 | -1,833.06 | |
| NASDAQ | 24,315.00 | -1,421.52 | |
| S&P 500 | 7,353.73 | -334.89 | |
The Canadian dollar traded for 71.44 cents US compared to 71.61 cents US on Wednesday.
US crude futures traded US$2.43 higher at US$90.55 a barrel, and the Brent contract rose US$3.72 to US$98.34 a barrel.
The price of gold was up US$45.11 to US$4,106.36.
In world markets, the Nikkei was down 1,110.73 points to ¥61,077.90, the Hang Seng was up 877.48 points to HK$24,796.98, the FTSE was down 46.55 points to ₤10,752.88, and the DAX was down 107.62 points to €25,330.05.
