Lifted by consumer discretionary and mining stocks, Canada’s main stock index hit a record intraday high at 24,107.00 on Thursday. The mining sector led gains on the TSX by a wide margin while the energy and telecom markets were the only decliners.
In a move to regain footing from the previous session’s stumble, U.S. markets moved higher. Weekly jobless claims dropped more than anticipated, indicating a stable labour market. Durable goods orders for August remained flat, contrary to economists’ predictions of a decline. The final estimate of Q2 GDP remained unchanged at a robust 3 per cent.
| TSX | 24,033.83 | +127.95 |  |
| TSXV | 594.33 | +2.92 | |
| CSE | 160.20 | +0.13 | |
| DJIA | 42,175.11 | +260.36 | |
| NASDAQ | 18,190.29 | +108.09 | |
| S&P 500 | 5,741.69 | +19.43 | |
The Canadian dollar traded for 74.22 cents U.S. compared with 74.16 cents U.S. on Wednesday.
U.S. crude futures traded $2.40 lower at $67.29 a barrel, and the Brent contract lost $2.26 to $71.20 a barrel.
The price of gold was up US$15.95 to US$ 2,672.90.
In world markets, the Nikkei was up 1,055.37 points to 38,925.63, the Hang Seng was up 795.48 points to 19,924.58, the FTSE was up 16.21 points to 8,284.91, and the DAX was up 319.86 points to 19,238.36.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image generated with AI)