(Stock image generated with AI.)

Will the US government shutdown be over soon? Many investors into Canadian equities believe so, and the TSX saw another day of solid gains. The 400+ point rally was led by the financial and industrial markets.

Members of the US House of Representatives could soon vote to end the government shutdown that paused crucial financial data that gives clues on the health of the world’s largest economy.

TSX30,827.58+418.33TSX
TSXV918.92+13.10TSXV
CSE166.48-0.93CSE
DJIA48,254.82+326.86DJIA
NASDAQ23,406.46-61.84NASDAQ
S&P 5006,850.92+4.31S&P 500

The Canadian dollar traded for 71.41 cents US compared to 71.37 cents US on Tuesday.

US crude futures traded US$2.57 lower at US$58.47 a barrel, and the Brent contract lost US$2.46 to US$62.70 a barrel.

The price of gold was up US$84.07 to US$4,194.29.

In world markets, the Nikkei was up 220.38 points to ¥51,063.31, the Hang Seng was up 226.32 points to HK$26,922.73, the FTSE was up 11.82 points to ₤9,911.42, and the DAX was up 293.40 points to €24,381.46.


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