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Stockhouse @ the Bell: TSX hits peak not seen since summer

Stockhouse Editorial
0 Comments| April 5, 2019

Canada’s main stock index was up for the fifth consecutive session to close out a solid trading week. The TSX hit its highest point since August 31st, 2018 and also saw its best weekly gain since January 2019. The biggest gainer among the 11 major sectors was energy, which rose 2.9% as oil prices gained 1.5%. Financials were up 0.2% and industrials were up 0.3%. Wall Street stocks were higher as labour market data eased some investor concerns over an economic slowdown. U.S. and Chinese trade negotiations continue next week. Chinese markets were closed for the Qingming Festival.

The S&P/TSX Composite Index was up 84.54 points to 16,396.15, and the TSX Venture Exchange was up 3.63 points to 629.82.

The Canadian dollar was down $0.0007, remaining at 75 cents.

Crude oil prices were up $1.20 to $63.30.

The price of gold was down $0.64 to $1291.37.

In U.S. markets; the Dow rose 40.36 points to 26,424.99, the S&P 500 added 13.35 points to 2,892.74, and the NASDAQ gained 46.91 points to 7,938.69.

In world markets; the Nikkei grew 82.86 points to 21,807.50, the Hang Seng remained at 29,936.32, the FTSE increased 45.20 points to 7,446.87, and the DAX was up 21.78 points to 12,009.75.


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