Canada’s main stock index scored yet another net high on Monday, extending momentum after notching its seventh consecutive weekly advance last week. Investors responded positively to the Bank of Canada’s interest rate cut aimed at bolstering the domestic economy.
Meanwhile, the main US indices rose to all-time highs after a strong performance the previous week, during which both the Dow Jones Industrial Average and the S&P 500 reached new record highs.
| TSX | 29,958.98 | +190.62 | |
| TSXV | 922.33 | +17.53 | |
| CSE | 163.00 | +0.96 | |
| DJIA | 46,381.54 | +66.27 | |
| NASDAQ | 22,788.98 | +157.50 | |
| S&P 500 | 6,693.75 | +29.39 | |
The Canadian dollar traded for 72.30 cents US compared to 72.58 cents US on Friday.
US crude futures traded $0.04 lower at US$62.64 a barrel, and the Brent contract lost $0.06 to US$66.62 a barrel.
The price of gold was up US$61.70 to US$3,747.48.
In world markets, the Nikkei was up 447.85 points to ¥45,493.66, the Hang Seng was down 200.96 points to HK$26,344.14, the FTSE was up 10.01 points to ₤9,226.68, and the DAX was down 112.36 points to €23,527.05.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.