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Stockhouse @ the Bell: TSX down, S&P hits new high

Stockhouse Editorial
0 Comments| April 29, 2019

Canada’s main stock index closed on the lower side of flat on Monday, sagging on materials (-1.2 per-cent) and energy (-0.1 per-cent) losses. Investors were trepidatious as the country’s monthly economic report looms on Tuesday, which is expected to paint a clearer picture on Canada’s Q1 2019 economic growth. The Bank of Canada lowered its growth forecast for 2019 last week and maintained its benchmark interest rate steady. Financials were higher (+0.5 per-cent) as was health care (+1.3 per-cent). Wall Street shares were mostly flat, including the S&P 500, but at least it climbed to a new high, with corporate profits and consumer spending spelling good news for U.S. markets.
The S&P/TSX Composite Index was down 13.09 points to 16,600.37, but the TSX Venture Exchange was up 1.38 points to 612.07.
The Canadian dollar traded for 74.28 cents US compared with an average of 74.29 cents US on Friday.
Crude oil prices were up $0.29 to $63.59.
The price of gold was down $5.30 to $1,279.60.
In U.S. markets; the Dow added 11.06 points to 26,554.39, the S&P 500 increased 3.15 points to 2,943.03, and the NASDAQ was up 15.46 points to 8,161.85.
In world markets; the Nikkei lost 48.74 points to 22,258.73, the Hang Seng jumped 290.60 points to 29,892.81, the FTSE rose 12.49 points to 7,440.66, and the DAX climbed 12.85 points to 12,328.02.


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