Canada’s main stock index came out of the gate strong on Friday, hitting a fresh high right at the market open and didn’t look back. The TSX is still riding high from the Bank of Canada’s rate cut earlier this week and investors remain hopeful that the central bank left the door open for further rate cuts later this year.
US markets surged after a strong trading session pushed major indexes to record highs, driven by growing investor confidence in the Federal Reserve’s decision to cut interest rates. Stocks were further lifted this week as the Fed reduced its benchmark overnight lending rate by 0.25 percentage points — marking its first rate cut since December.
| TSX | 29,768.36 | +314.83 |  |
| TSXV | 904.80 | +25.29 | |
| CSE | 162.04 | +2.34 | |
| DJIA | 46,315.27 | +172.85 | |
| NASDAQ | 22,631.48 | +160.75 | |
| S&P 500 | 6,664.36 | +32.40 | |
The Canadian dollar traded for 72.58 cents US compared to 72.59 cents US on Thursday.
US crude futures traded $0.73 lower at US$62.84 a barrel, and the Brent contract rose $0.75 to US$66.69 a barrel.
The price of gold was up US$26.78 to US$3,671.58.
In world markets, the Nikkei was down 257.62 points to ¥45,045.81, the Hang Seng was up 0.25 point to HK$26,545.10, the FTSE was down 11.44 points to ₤9,216.67, and the DAX was down 35.12 points to €23,639.41.
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