Easing metal prices dragged material shares on Thursday, sending Canada’s main stock index lower in a broad decline. Investor sentiment was also sullied by better-than-expected U.S. business activity.
The tech market was a key to success south of the border for the NASDAQ, which achieved a new record high on the back of quarterly results from NVIDIA Corp. (NDAQ:NVDA; NEO:NVDA) that exceeded expectations. Looking globally, traders also took stock of comments from Russia’s Foreign Ministry threatening strikes on British targets if their weapons are used by Ukraine.
| TSX | 22,200.79 | -145.98 |  |
| TSXV | 601.83 | -9.49 | |
| CSE | 181.69 | -9.22 | |
| DJIA | 39,065.26 | -605.78 | |
| NASDAQ | 16,736.03 | -65.51 | |
| S&P 500 | 5,267.84 | -39.17 | |
The Canadian dollar traded for 72.80 cents U.S. compared with 73.03 cents U.S. on Wednesday.
U.S. crude futures traded $0.71 lower at $76.86 a barrel, and the Brent contract lost $0.57 to $81.33 a barrel.
The price of gold was down US$41.56 to US$2,332.55.
In world markets, the Nikkei was up 486.12 points to 39,103.22, the Hang Seng was down 326.89 points to 18,868.71, the FTSE was down 31.10 points to 8,339.23, and the DAX was up 11.12 points to 18,691.32.
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