Canada’s main stock index rose higher on Monday on a broad increase, ahead of US inflation data due later in the week. Investors are eager for clues on the Federal Reserve’s monetary tightening strategy. Asian markets were down, while Euro markets were up.

Following its worst week since last December, US markets also moved upward as investors brace for more earnings reports from major-league companies. Treasury yields held steady, and energy prices were lower. The government will release monthly data on inflation in consumer prices on Tuesday.

Today in the Markets

TSX 20,702.23 +90.11 TSX
TSXV 616.41 +2.99 TSXV
CSE 193.50 -1.55 TSXV
DJIA 34,245.93 +376.66 DJIA
NASDAQ 12,502.31 +197.40 NASDAQ
S&P 500 4,131.04 +40.58 S&P 500

The Canadian dollar traded for 74.97 cents US, compared to 74.29 cents US on Friday.

US crude futures traded $0.36 lower at $97.36 a barrel, while the Brent contract lost $0.38 to $86.01 a barrel.

The price of gold was down US4.88 to US$1,858.13.

In world markets, the Nikkei was down 243.66 points to 27,427.32, the Hang Seng was down 26.00 points to 21,164.42, the FTSE was up 65.15 points to 7,947.60, and the DAX was up 89.36 points to 15,397.34.


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