A mostly broad decline kept Canada’s main stock index on the flatline to start the trading week on Monday. While the energy sector was the main contributor to gains for the TSX thanks to higher crude prices, limited growth among heavyweight sectors kept results muted by close.
U.S. markets sunk as they braced for a significant week filled with potential disruptions. Meanwhile, other markets are experiencing more pronounced movements, such as a decrease in Treasury yields. With election day on Tuesday, news of a winner may be delayed as all the votes are tallied. This uncertainty has heightened concerns about potential volatility globally, as markets are notoriously averse to unpredictability.
The Canadian dollar traded for 71.93 cents U.S. compared to 71.66 cents U.S. on Friday.
U.S. crude futures traded $2.20 higher at $71.69 a barrel, and the Brent contract rose $2.22 to $75.32 a barrel.
The price of gold was down US$3.50 to US$2,736.82.
In world markets, the Nikkei remained at 38,053.67, the Hang Seng was up 61.09 points to 20,567.52, the FTSE was up 7.09 points to 8,184.24, and the DAX was down 107.12 points to 19,147.85.
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)