A broad increase among indices led by mining, with only the energy market lagging, helped give Canada’s resources-heavy main stock index a solid run not seen in nearly a week to a positive close. Saskatchewan-based mineral explorer UEX Corp rose nearly 3 per cent following its $243 million buyout from Uranium Energy Corp.
Led by gains in beaten-down growth and bank stocks, US markets also closed higher as investors await details on how high the Federal Reserve would raise interest rates to douse inflation as its latest meeting wraps up.
Today in the Markets
| TSX | 19,611.56 | +63.05 |
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| TSXV | 655.65 | +5.58 |
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| CSE | 290.70 | +1.81 |
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| DJIA | 30,668.53 | +303.70 |
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| NASDAQ | 11,099.16 | +270.81 |
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| S&P 500 | 3,789.99 | +54.51 |
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The Canadian dollar traded for 77.69 cents US compared to 77.18 cents US on Tuesday.
US crude futures traded 1.85 per cent lower at $116.70 a barrel, while the Brent contract lost 1.28 per cent to $119.60 a barrel.
The price of gold was up US$24.53 US to $1,834.92.
In world markets, the Nikkei was down 303.70 points to 26,326.16 the Hang Seng was up 240.22 points to 21,308.21the FTSE was up 85.95 points to 7,273.41, and the DAX was up 180.90 points to 13,485.29.
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