Canada’s top stock index rose to another fresh high on Wednesday, despite early losses seen across major US markets. The initial downturn was driven by concerns that a partial shutdown of the US government could delay the release of crucial employment data, potentially complicating forecasts for future interest rate decisions.
The shutdown occurred after the Republican-led Senate failed to pass a temporary funding bill on Tuesday. Meanwhile, Democrats are pushing to include provisions that would extend health care tax credits for millions of Americans. In response to the political gridlock, bank stocks broadly dropped in premarket trading amid growing worries about a slowing economy.
| TSX | 30,107.67 | +84.86 |  |
| TSXV | 958.47 | +10.63 | |
| CSE | 176.60 | +13.66 | |
| DJIA | 46,441.10 | +43.21 | |
| NASDAQ | 22,755.16 | +95.15 | |
| S&P 500 | 6,711.20 | +22.74 | |
The Canadian dollar traded for 71.73 cents US compared to 71.80 cents US on Tuesday.
US crude futures traded $0.47 lower at US$61.90 a barrel, and the Brent contract lost $0.54 to US$65.49 a barrel.
The price of gold was up US$25.00 to US$3,870.74.
In world markets, the Nikkei was down 381.78 points to ¥44,550.85, the Hang Seng was up 232.68 points to HK$26,855.56, the FTSE was up 11.44 points to ₤9,216.67, and the DAX was up 232.90 points to €24,113.62.
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