Canada’s benchmark stock index closed higher for the fifth straight session to its highest level in three weeks on Thursday. Supported by gains in led by mining stocks with energy not far behind, investor concerns about a global banking crisis also appear to have eased. The health care sector was the only laggard.

US stocks also rose, building on gains from the previous session, as investors bet the regional banking crisis has stabilized with shares in that segment on the rise.  Weekly jobless claims increased by 7,000 to 198,000, adding to hopes that the Federal Reserve could tone down its tightening campaign.

Today in the Markets

TSX 19,940.99 +103.34 TSX
TSXV 630.01 +6.40 TSXV
CSE 170.74 -1.46 TSXV
DJIA 32,859.03 +141.43 DJIA
NASDAQ 12,013.47 +87.23 NASDAQ
S&P 500 4,048.50 +20.69 S&P 500

The Canadian dollar traded for 73.94 cents US, compared to 73.71 cents US on Wednesday.

US crude futures traded $1.35 higher at $74.32 a barrel, and the Brent contract added $0.90 to $79.18 a barrel.

The price of gold was up US$18.60 to US$1,981.84.

In world markets, the Nikkei was down 100.85 points to 27,782.93, the Hang Seng was up 116.73 points to 20,309.13, the FTSE was up 56.15 points to 7,620.43, and the DAX was up 193.62 points to 15,522.40.

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