It was another day in the red for Canada’s main stock index, falling lower on Thursday in a near broad decline across sectors. For once, the tech sector was the only one that clocked any gains on the TSX. Markets were also weighed down by falling oil prices and receding expectations of a June rate cut.
U.S. stocks put the brakes on an early sell-off and managed a split close, though investor sentiment remains sour as concerns over inflation’s impact on the markets continues to simmer. Tech success south of the border helped lift the NASDAQ, which rebounded thanks to interest rate-sensitive megacap stocks.
| TSX | 22,110.11 | -89.02 |  |
| TSXV | 591.28 | +3.98 |  |
| CSE | 201.48 | +1.65 | |
| DJIA | 38,459.08 | -2.43 | |
| NASDAQ | 16,442.20 | +271.84 | |
| S&P 500 | 5,202.16 | +41.52 | |
The Canadian dollar traded for 73.09 cents compared with 73.07 cents U.S. on Wednesday.
U.S. crude futures traded $0.86 lower at $85.35 a barrel, and the Brent contract lost $0.53 to $89.95 a barrel.
The price of gold was up US$29.21 to US$2,364.72.
In world markets, the Nikkei was down 139.18 points to 39,442.63, the Hang Seng was down 44.14 points to 17,095.03, the FTSE was down 37.41 points to 7,923.80, and the DAX was down 142.82 points to 17,954.48.
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