Supported by firmer crude oil and gold prices, equities in Canada moved higher on Monday.
Air Canada rose 0.16 per-cent after the airline stated that it is expecting a demand for flights between Canada and the Asia-Pacific to recover to a near pre-pandemic level by December next year. Market sentiment got a boost after Beijing rolled back some Covid-related restrictions. The health care, utilities, and telecom sectors were the decliners.
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U.S. stock indexes managed to regain some lost ground as investors bought into heavyweights like Apple who gained just over half a per cent, while shares of Amazon rose nearly 2 per cent following a 20-for-1 stock split. Twitter dropped 1.4 per cent after Elon Musk threatened to walk away from his $44 billion buyout deal, though Tesla shares rose about 1.6 per cent.
Today in the Markets
| TSX | 20,819.09 | +28.36 |
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| TSXV | 718.63 | -1.48 |
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| CSE | 321.78 | +0.01 |
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| DJIA | 32,915.78 | +16.08 |
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| NASDAQ | 12,061.37 | +48.64 |
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| S&P 500 | 4,121.43 | +12.89 |
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The Canadian dollar traded for 79.66 cents U.S. compared to 79.41 cents U.S. on Friday.
U.S. crude futures traded 0.43 per cent lower at $118.40 a barrel, while the Brent contract fell 0.28 per cent to $119.40 a barrel.
The price of gold was down $US9.61 to $1,842.19.
In world markets, the Nikkei was up 154.32 points to 27,915.89 the Hang Seng was up 571.77 points to 21,653.90 the FTSE was up 75.27 points to 7,608.22, and the DAX was up 193.73 points to 14,653.81.
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