Canada’s benchmark stock index moved upward on Thursday, tracking gains seen on Wall Street after positive outlooks from Micron Technology Inc. (NASDAQ:MU) and Qualcomm (NASDAQ:QCOM) (both of which closed higher). At the same time, investors also watched ongoing geopolitical developments in the Middle East.
Meanwhile, the US-Iran situation stayed in the spotlight, as the US administration requested additional funding for a conflict it had previously indicated was over.
Traders also assessed May’s personal consumption expenditures price index, which is the Federal Reserve’s preferred measure of inflation, and rose at a 4.1 per cent annual rate, the highest in three years.
| TSX | 34,850.21 | +114.12 |  |
| TSXV | 895.38 | -2.57 |  |
| CSE | 159.23 | −1.02 | |
| DJIA | 51,920.62 | +71.72 | |
| NASDAQ | 25,358.60 | -110.40 | |
| S&P 500 | 7,357.49 | -0.73 | |
The Canadian dollar traded for 70.42 cents US compared to 70.26 cents US on Wednesday.
US crude futures traded US$1.08 higher at US$71.42 a barrel, and the Brent contract rose $0.88 to US$74.62 a barrel.
The price of gold was up US$36.43 to US$4,027.07.
In world markets, the Nikkei was up 3,191.37 points to ¥72,366.34, the Hang Seng was down 335.27 points to HK$23,076.91, the FTSE was up 68.26 points to ₤10,529.89, and the DAX was up 254.47 points to €24,994.83.