Canada’s main stock index advanced on Monday as softer oil prices helped ease inflation worries, while investors shifted their attention to the upcoming US midterm elections. US President Donald Trump said on Sunday that his administration has established a framework for a new trade agreement with Canada. Meanwhile, Prime Minister Mark Carney described recent discussions between the two leaders on the future of bilateral trade as constructive. Canada is also accelerating efforts to broaden its trade and security partnerships globally, with a target of doubling non-US trade over the next decade, Foreign Minister Anita Anand said on Saturday.
The gains followed a difficult week for major US equity benchmarks, which came under pressure as investors continued to reassess technology stocks tied to the artificial intelligence boom. Alongside the highly anticipated monthly employment report, markets are also preparing for another busy week of corporate earnings announcements.
| TSX | 35,801.09 | +181.06 |  |
| TSXV | 800.83 | -2.95 |  |
| CSE | 131.80 | -3.29 | |
| DJIA | 51,983.98 | +213.67 | |
| NASDAQ | 25,164.32 | -272.68 | |
| S&P 500 | 7,541.40 | -38.67 | |
The Canadian dollar traded for 71.54 cents US compared to 71.60 cents US on Friday.
US crude futures traded US$7.57 lower at US$96.55 a barrel, and the Brent contract lost US$8.50 to US$104.90 a barrel.
The price of gold was up US$68.41 to US$3,953.97.
In world markets, the Nikkei was down 208.25 points to ¥63,081.86, the Hang Seng was up 98.90 points to HK$23,393.32, the FTSE was up 31.55 points to ₤10,761.33, and the DAX was up 164.66 points to €25,982.87.