Strength in precious metal miners’ shares boosted Canada’s largest market to a higher close on Thursday. The resource-heavy index’s success mirrored an upbeat sentiment on Wall Street after signs of cooling inflation.


Sponsored by
A Better Way to Invest in Mining Businesses to Deliver Long-Term Value


March’s consumer price index report showed inflation pressures eased last month, having advanced just 0.1 per cent month over month. Consumer prices grew 5 per cent on an annual basis, the smallest increase in almost two years. Markets have waivered after the Federal Open Market Committee said it expects the recent banking crisis would cause a recession later this year.

Today in the Markets

TSX 20,564.49 +110.17 TSX
TSXV 639.40 +3.52 TSXV
CSE 165.33 +0.91 TSXV
DJIA 34,029.69 +383.19 DJIA
NASDAQ 12,166.27 +236.94 NASDAQ
S&P 500 4,091.49 +17.45 S&P 500

The Canadian dollar traded for 74.98 cents US, compared to 74.44 cents US on Wednesday.

US crude futures traded $0.97 higher at $82.29 a barrel, and the Brent contract lost $1.10 to $86.23 a barrel.

The price of gold was up US$20.45 to US$2,038.69.

In world markets, the Nikkei was up 74.27 points to 28,156.97, the Hang Seng was up 34.62 to 20,344.48, the FTSE was up 18.54 points to 7,843.38, and the DAX was up 25.86 points to 15,729.46.


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

@ the Bell: TSX recovers and S&P hits fresh high

Energy shares led enough of a rally to overcome industrials and tech losses to push the TSX to a positive end on Tuesday.

How this junior is unlocking unprecedented potential in Alaska 

Freegold Ventures (TSX:FVL) is well-positioned to be a leader in the state of Alaska's gold mining sector and investors are paying attention.
The Market Online Video

With purification plant producing, helium firm focuses on exploration

Royal Helium (TSXV:RHC) is an exploration production and infrastructure company with a focus on the development and production of helium.
Silver

Why Chinese silver prices differ from London and New York

Misunderstandings about differing silver prices in China and the West prevent investors from grasping developments in the Chinese market.