Canada’s main stock index reached another record high on Thursday, driven by gains in commodity-linked stocks. Investors are now looking forward to the Canadian unemployment data due Friday for more clues on the Bank of Canada’s policy decisions later this month. Energy was the top gainer on the TSX followed by mining, while the financial sector led decliners.
In the United States, stocks fell, with the S&P 500 and Dow Jones Industrial Average retreating from their record highs. Economic data indicated persistent inflation and a rise in unemployment. The September consumer price index increased by 0.2 per cent month-over-month, bringing the annual inflation rate to 2.4 per cent, higher than the 0.1 per cent monthly gain and 2.3 per cent annual rate anticipated by analysts surveyed by Dow Jones. Despite this, the year-over-year inflation rate is the lowest since February 2021. As Hurricane Milton ravaged through Florida, Universal Insurance jumped by 10 per cent.
| TSX | 24,302.26 | +77.36 |  |
| TSXV | 595.81 | +4.97 | |
| CSE | 160.19 | -0.45 |  |
| DJIA | 42,454.12 | -57.88 | |
| NASDAQ | 18,282.05 | -9.57 | |
| S&P 500 | 5,780.05 | -11.99 | |
The Canadian dollar traded for 72.76 cents U.S. compared with 72.90 cents U.S. on Wednesday.
U.S. crude futures traded $2.65 higher at $75.89 a barrel, and the Brent contract rose $2.80 to $79.38 a barrel.
The price of gold was up US$21.24 to US$2,629.55.
In world markets, the Nikkei was up 102.93 points to 39,380.89, the Hang Seng was up 614.74 points to 21,251.98, the FTSE was down 6.01 points to 8,237.73, and the DAX was down 44.03 points to 19,210.90.
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(Top image generated with AI)