A solid rally among indices lifted Canada’s main stock index to another positive close on Thursday. Energy and industrial shares led the charge, though sentiment continued to be tense as concerns remain over slowing global economic growth. The utilities and telecom sectors ended lower.
After strong earnings outlooks from companies such as Macy’s, U.S. stocks moved higher while data confirmed the economy contracted in the first quarter, easing some concerns over aggressive rate hikes. This follows the minutes of the Federal Reserve’s last meeting showed policymakers felt the economy remained strong.
| TSX | 20,532.18 | +148.43 |
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| TSXV | 714.66 | +12.92 |
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| CSE | 342.34 | -1.15 |
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| DJIA | 32,637.19 | +516.91 |
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| NASDAQ | 11,740.65 | +305.91 |
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| S&P 500 | 4,057.84 | +79.11 |
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The Canadian dollar traded for 78.25 cents US compared to 78.08 cents US on Wednesday.
Crude oil prices were up 3.64 to $113.90.
The price of gold was down 2.16 to $1,851.96.
In world markets, the Nikkei was down 72.96 points to 26,604.84 the Hang Seng was down 55.07 points to 20,116.20 the FTSE was up 42.17 points to 7,564.92, and the DAX was up 223.36 points to 14,231.29.