It has almost become a regular occurrence for Canada’s main stock index – the TSX bounced back from spending much of Thursday trading in the red. Industrials, tech, energy, and heath care offered some gains while the bulk of declines were due to losses among the mining, financials, and utilities markets.
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The S&P 500 and NASDAQ Composite advanced as Wall Street traders focused on the latest commentary from Federal Reserve speakers and debt ceiling negotiations. Walmart helped support the market on the back of its strong financial report, beating Wall Street forecasts. President Joe Biden and House Speaker Kevin McCarthy independently told the media that they respectively do not believe the US will default on its debt.
| TSX | 20,297.09 | +0.66 |  |
| TSXV | 609.03 | -2.72 |  |
| CSE | 163.08 | +1.53 | |
| DJIA | 33,535.91 | +115.14 | |
| NASDAQ | 12,688.84 | +188.27 | |
| S&P 500 | 4,198.05 | +39.28 | |
The Canadian dollar traded for 74.08 cents US, compared to 74.34 cents US on Wednesday.
US crude futures traded $0.84 lower at $71.99 a barrel, and the Brent contract lost $0.96 to $76.00 a barrel.
The price of gold was down US25.00 to US$ 1,957.47.
In world markets, the Nikkei was up 480.34 points to 30,573.93, the Hang Seng was up 166.68 points to 19,727.25, the FTSE was up 19.07 points to 7,742.30, and the DAX was up 212.06 points to 16,163.36.
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