Canada’s top stock index paused its recent upward momentum on Thursday, keeping flat thanks to declines in the industrial and financial sectors. However, TD Bank (TSX:TD) saw a boost in its earnings thanks to reduced provisions for loan losses, while CIBC (TSX:CM) benefited from strong results in its capital markets division. Mining, energy, and tech where the lone gainers on the TSX in an otherwise split performance across the market.
Meanwhile, the S&P 500 touched a new high as investors analyzed Nvidia’s (NASDAQ:NVDA) latest earnings and outlook. The results were largely seen as a confirmation of the ongoing AI boom. Nvidia, which accounts for roughly per cent of the S&P according to FactSet, reported second-quarter earnings that exceeded expectations, driven by a 56 per cent surge in revenue.
| TSX | 28,434.80 | +1.80 |  |
| TSXV | 817.38 | +4.15 | |
| CSE | 167.60 | +1.31 | |
| DJIA | 45,636.90 | +71.67 | |
| NASDAQ | 21,705.16 | +115.02 | |
| S&P 500 | 6,501.86 | +20.46 | |
The Canadian dollar traded for 72.73 cents US compared to 72.53 cents US on Wednesday.
US crude futures traded $0.17 higher at US$64.32 a barrel, and the Brent contract rose $0.26 to US$68.31 a barrel.
The price of gold was up US$23.32 to US$3,419.85.
In world markets, the Nikkei was up 308.52 points to ¥42,828.79, the Hang Seng was down 202.94 points to HK$24,998.82, the FTSE was down 34.40 points to ₤9,221.10, and the DAX was down 6.29 points to €24,039.92.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
