Canada’s main stock index reached a record high Monday as investors looked forward to the U.S. Federal Reserve’s upcoming monetary policy decision, expecting a more significant interest rate cut. Industrials was the top gainer on the TSX while the telecom market was the lone decliner.
U.S. markets were divided as investors await the Fed’s much-anticipated policy meeting, where central bankers are projected to reduce rates for the first time since 2020.
| TSX | 23,702.07 | +133.42 |  |
| TSXV | 582.05 | +1.62 | |
| CSE | 163.20 | +2.89 | |
| DJIA | 41,622.08 | +228.30 | |
| NASDAQ | 17,592.13 | -91.85 |  |
| S&P 500 | 5,633.09 | +7.07 | |
The Canadian dollar traded for 73.59 cents U.S. compared with 73.58 cents U.S. on Friday.
U.S. crude futures traded $1.82 higher at $70.47 a barrel, and the Brent contract rose $1.31 to $72.92 a barrel.
The price of gold was up US$4.08 to US$2,583.11.
In world markets, the Nikkei remained at 36,581.76, the Hang Seng was up 53.03 points to 17,422.12, the FTSE was up 5.35 points at 8,278.44, but the DAX was down 66.29 points to 18,633.11.
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)
