Futures for Canada’s main stock index rose on Monday, helped by gains in energy and bank shares. This rode on the back of optimism among global markets that the financial sector’s turmoil could be brought under control. Gains in crude oil prices further aided sentiment. The health care and telecom sectors closed lower.

US stock futures were split, putting the market on track to build on last week’s gains. Some markets around the globe also saw a lift after US lender First Citizens BancShares said it would purchase the loans and deposits of failed Silicon Valley Bank, calming trader tension about the global financial system.

Today in the Markets

TSX 19,624.74 +123.25 TSX
TSXV 610.32 -1.56 TSXV
CSE 173.19 -0.86 TSXV
DJIA 32,432.08 +194.55 DJIA
NASDAQ 11,768.84 -55.12 NASDAQ
S&P 500 3,977.53 +6.54 S&P 500

The Canadian dollar traded for 73.23 cents US, compared to 72.75 cents US on Friday.

US crude futures traded $3.77 higher at $73.03 a barrel, and the Brent contract gained $3.22 to $78.21 a barrel.

The price of gold was down 18.49 to US$1,957.24.

In world markets, the Nikkei was up 91.62 points to 27,476.87, the Hang Seng was down 347.99 points to 19,567.69, the FTSE was up 66.32 points to 7,471.77, and the DAX was up 170.45 points to 15,127.68.


Get @ the Bell delivered to your email inbox every day!

Sign Up Here


DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
More From The Market Online

Silver One just raised C$5.9M: Why its stock could be a winner

Silver One Resources (TSXV:SVE), a microcap silver stock, closes an oversubscribed financing for a little more than C$5.9 million.

Buzz on the Bullboards: From innovating traffic enforcement to cancer breakthroughs

The past week on the TSX has been one for the books, with significant gains driven largely by advancements in the technology sector.

This AI stock is disrupting the event tickets monopoly

The global event tickets market will approach US$100 billion by 2030 but remains in need of disruptors to dethrone high-fee market leaders.