Canada’s main stock index reached another new record intraday high on Thursday, powered by gains in the mining and tech fields. Also leading the Toronto Stock Exchange higher, energy, financials and industrials. Growth on the TSX was capped by a drop in the utilities and mining sectors, though.
There was a tech stock rally on Wall Street as well, with the Federal Reserve’s move to lower interest rates by a half percentage point igniting a riskier sentiment among traders in a buying spree.
| TSX | 23,866.27 | +273.67 |  |
| TSXV | 582.72 | +6.51 | |
| CSE | 159.64 | +1.07 | |
| DJIA | 42,025.19 | +522.09 | |
| NASDAQ | 18,013.98 | +440.68 | |
| S&P 500 | 5,712.77 | +94.51 | |
The Canadian dollar traded for 73.75 cents U.S. compared with 73.43 cents U.S. on Wednesday.
U.S. crude futures traded $1.10 higher at $72.01 a barrel, and the Brent contract rose $1.13 to $74.78 a barrel.
The price of gold was up US$29.97 to US$2,589.11.
In world markets, the Nikkei was up 775.16 points to 37,155.33, the Hang Seng was up 353.14 to 18,013.16, the FTSE was up 75.04 points to 8,328.72, and the DAX was up 290.89 points to 19,002.38.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image generated with AI)