Canada’s top stock index edged higher on Monday as investors took a cautious stance ahead of a packed week that includes Ukraine peace negotiations, a major US Federal Reserve conference, and key domestic inflation figures. According to Statistics Canada, foreign investors injected C$709 million into Canadian securities in June—marking their first net investment since January. At the same time, Canadian investors significantly increased their exposure to international markets, purchasing C$9.0 billion in foreign securities, primarily US equities and non-US bonds.
Meanwhile, US markets traded at the flatline after a strong performance last week driven by optimism over potential interest rate cuts from the Federal Reserve. The Fed remains in the spotlight this week as policymakers gather in Jackson Hole, Wyoming, for the annual economic symposium. Investors will be closely watching for any signals regarding future monetary policy. Futures markets currently suggest an almost 85 per cent probability that the Fed will lower rates at its upcoming meeting next month. In addition to economic developments, traders will be keeping an eye on corporate earnings as the reporting season winds down. Major retailers are among the key companies scheduled to release their quarterly results.
| TSX | 27,922.85 | +17.36 |  |
| TSXV | 789.08 | -1.69 |  |
| CSE | 156.87 | -3.64 | |
| DJIA | 44,911.82 | -34.30 | |
| NASDAQ | 21,629.77 | +6.80 | |
| S&P 500 | 6,449.15 | -0.65 | |
The Canadian dollar traded for 72.42 cents US compared to 72.40 cents US on Friday.
US crude futures traded $0.43 higher at US$63.25 a barrel, and the Brent contract rose $0.62 to US$66.47 a barrel.
The price of gold was down US$2.18 to US$3,333.77.
In world markets, the Nikkei was up 336.00 points to ¥43,714.31, the Hang Seng was down 93.22 points to HK$25,176.85, the FTSE was up 18.84 points to ₤9,157.74, and the DAX was down 44.53 points to €24,314.77.
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