Canada’s main stock index soared past a month’s high on Wednesday as miners and tech firms rose, but the TSX couldn’t clinch its ninth-straight positive close and ended up in the red. While the telecom sector started the day as the lone decliner, most other markets fell by the end. New data showed that annual producer inflation eased further in the month of December, raising hopes of less-hawkish moves by the Bank of Canada.


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U.S. stock markets also fell as investors continued to digest corporate financial updates for any signs of an “earnings recession” that has had many analysts concerned. Retail sales data showed a slowdown in consumer spending activity and a cooler-than-expected inflation reading.

Today in the Markets

TSX 20,376.23 -81.23 TSX
TSXV 617.85 +0.47 TSXV
CSE 202.33 +1.12 TSXV
DJIA 33,378.00 -642.00 DJIA
NASDAQ 11,475.11 -149.00 NASDAQ
S&P 500 3,945.50 -64.00 S&P 500

The Canadian dollar traded for 74.09 cents US, compared to 74.64 cents US on Tuesday.

US crude futures traded $1.00 lower at $79.18 a barrel, but the Brent contract lost $1.16 to $84.76 a barrel.

The price of gold was down US$4.78 to US$1,903.89.

In world markets, the Nikkei was up 652.44 points to 26,791.12, the Hang Seng was up 100.36 points to 21,678.00, the FTSE was down 20.23 points to 7,830.80, and the DAX was down 5.27 points to 15,181.80.


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