Oil prices opened the day on a strong note but fell by close, taking Canada’s main stock index lower on Thursday. Financial and mining shares led some growth on the TSX, but a deep split led by a sharp drop in the tech market stifled any significant gains.
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Following two straight positive sessions among US stocks, markets south of the border were split as traders took stock of the latest earnings reports from major corporations. Semiconductor stocks were hit hard, as the ongoing trade dispute between the US and China has put pressure on the supply of critical metals. Qualcomm (NASDAQ:QCOM) lost 4.53 per cent while Skyworks Solutions (NASDAQ:SWKS) fell 25 per cent.
| TSX | 25,534.49 | -35.35 |  |
| TSXV | 639.51 | -2.44 | |
| CSE | 136.36 | -0.39 | |
| DJIA | 44,747.63 | -125.65 | |
| NASDAQ | 19,791.99 | +99.66 |  |
| S&P 500 | 6,079.51 | +18.03 | |
The Canadian dollar traded for 69.91 cents US compared to 69.82 cents US on Wednesday.
US crude futures traded $0.44 lower at US$70.59 a barrel, and the Brent contract lost $0.31 to US$74.30 a barrel.
The price of gold was down US$13.76 to US$2,856.27.
In world markets, the Nikkei was up 235.05 points to ¥39,066.53, the Hang Seng was up 294.53 points to HK$20,891.62, the FTSE was up 103.99 points to ₤8,727.28, and the DAX was up 316.49 points to €21,902.42.
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(Top image generated with AI.)
