Canada’s main stock index advanced on Monday, driven by rising gold prices, as investors looked ahead to comments from several Federal Reserve officials and weighed the potential impact of a looming US government shutdown.
Meanwhile, Wall Street attempted to stabilize following a week where enthusiasm for artificial intelligence stocks began to fade. Traders kept focused on the increasing likelihood of a partial US government shutdown, as negotiations between congressional Democrats and Republicans stalled over federal funding. Such a shutdown could disrupt financial markets by hindering regulatory activity and delaying the release of critical economic reports.
| TSX | 29,971.91 | +210.63 |  |
| TSXV | 942.84 | +8.89 | |
| CSE | 176.60 | +13.66 | |
| DJIA | 46,316.07 | +299.97 | |
| NASDAQ | 22,591.15 | +107.09 | |
| S&P 500 | 6,661.21 | +17.51 | |
The Canadian dollar traded for 71.85 cents US compared to 71.73 cents US on Friday.
US crude futures traded US$2.56 lower at US$63.16 a barrel, and the Brent contract lost US$2.49 to US$67.64 a barrel.
The price of gold was up US$68.41 to US$3,828.27.
In world markets, the Nikkei was down 311.24 points to ¥45,043.75, the Hang Seng was up 494.68 points to HK$26,622.88, the FTSE was up 15.01 points to ₤9,299.84, and the DAX was up 5.59 points to €23,745.06.
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