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TSX rebounds ahead of BoC decision

Day Trading, Market Summary
11 July 2023 16:43 (EDT)

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Canada’s main stock index bounced back Tuesday after starting the week down. While traders and the market wait to hear whether the Bank of Canada will raise interest rates Wednesday, the TSX was up 56.11 to close at 19,878.56.

All major indices on the Toronto Stock Exchange were up, led by energy and metals.

U.S. markets registered strong gains for the second consecutive session, a day before the U.S. consumer price index report for June will be released.

Today in the Markets

TSX 19,878.56 +56.11
TSXV 618.06 -3.07
CSE 168.62 -0.22
DJIA 34,261.42 +317.02
NASDAQ 13,760.70 +75.22
S&P 500 4,439.26 +29.73

The Canadian dollar traded for 75.56 cents U.S., compared with 75.29 cents U.S. on Monday.

US crude futures traded $1.85 lower at $74.84 a barrel, and the Brent contract gained $1.72 to $79.41 a barrel.

The price of gold was up US$6.40 to US$1,937.40.

In world markets, the Nikkei was up 13.84 points to 32,203.57, the Hang Seng was up 180.11 points to 18,659.83, the FTSE was up 8.73 points to 7,282.52, and the DAX was up 117.18 points to 15,790.34.

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