It was a rough start to the trading week for Canada’s main stock index on Monday. The TSX couldn’t hold onto meagre gains among the healthcare, energy and industrial sectors. Losses were led among companies trading in the communication, mining and utilities sectors. This week will be packed with central bank decisions and traders will keep close watch of the domestic inflation data for more clues on the Bank of Canada’s interest-rate trajectory.
U.S. markets jumped as Wall Street investors await an important artificial intelligence conference and look ahead to monetary policy guidance coming later this week from the Federal Reserve. Rising speculation that the Fed’s policy rate cut will come later than expected saw a rise in yields of U.S. long-term interest rates. This weakened the Japanese yen against the greenback but saw Tokyo’s benchmark Stock Average rise sharply as the view of the Bank of Japan’s future path becomes clearer.
| TSX | 21,837.18 | -11.97 |  |
| TSXV | 549.32 | +1.43 | |
| CSE | 197.26 | +6.90 |  |
| DJIA | 38,790.43 | +75.66 | |
| NASDAQ | 16,103.45 | +130.27 | |
| S&P 500 | 5,149.42 | +32.33 | |
The Canadian dollar traded for 73.86 cents compared with 73.83 cents U.S. on Friday.
U.S. crude futures traded $1.91 higher at $82.95 a barrel, and the Brent contract added $1.68 to $87.02 a barrel.
The price of gold was up US$3.35 to US$2,159.96.
In world markets, the Nikkei was up 1,032.80 points to 39,740.44, the Hang Seng was up 16.23 points to 16,737.12, the FTSE was up 0.06 of a point to 7,727.48, and the DAX was up 2.56 points to 17,939.21.
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