Gains in energy and healthcare stocks were assisted by positive earnings from some large banks, lifting Canada’s main stock index higher on Thursday. Utilities moved lower.
Indexes on both sides of the border were carrying gains from the previous session. Traders remain cautious on how the U.S. Federal Reserve plans to curb inflation amid rising concerns around slowing global growth.
Focus is set on the Federal Reserve’s annual Jackson Hole meeting for clues on the central bank’s monetary policy outlook.
Today in the Markets
| TSX | 20,172.34 | +150.96 |  |
| TSXV | 661.26 | +1.65 | |
| CSE | 308.06 | +10.33 | |
| DJIA | 33,291.78 | +322.55 | |
| NASDAQ | 12,639.27 | +207.74 | |
| S&P 500 | 4,199.12 | +58.35 | |
The Canadian dollar traded for 77.33 cents US compared to 77.10 cents US on Wednesday.
US crude futures traded 1.83 per cent lower at $93.15 a barrel, while the Brent contract lost 1.19 per cent to $100.00 a barrel.
The price of gold was up US$6.15 to US$1,757.23.
In world markets, the Nikkei was up 165.54 points to 28,479.01, the Hang Seng was up 699.64 points to 19,968.38, the FTSE was up 8.23 points to 7,479.74, and the DAX was up 51.90 points to 13,271.96.
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