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Stockhouse @ the Bell: Another record high for the TSX

Stockhouse Editorial
0 Comments| September 16, 2019

Canada's main stock index hit a third intraday high in as many days on Monday, as the energy market surged following an attack on an oil facility in Saudi Arabia over the weekend. The index touched 16,767.19 in earlier trading, topping its previous high set on Friday. This attack also saw demand for safe-haven US debt, pushing Treasury yields lower, while the price of gold rallied nearly 1%. Meanwhile, 5 % of global crude output has been shut off and US officials say they are ready to retaliate against Iran.

The S&P/TSX Composite Index was up 68.89 points to 16,751.31, and the TSX Venture Exchange was down 0.65 of a point to 588.51.

The Canadian dollar traded for 75.49 cents US compared with an average of 75.43 cents US on Friday.

Crude oil prices were up $6.61 to $61.46.

The price of gold was up $7.70 to $1,498.60.

In US markets; the Dow sunk 142.70 points to 27,076.82 the S&P 500 gave up 9.43 points to 2,997.96 and the NASDAQ lost 23.17 points to 8,153.54.

In world markets; the Nikkei remained at 21,988.29 the Hang Seng tumbled 226.24 points to 27,124.55, the FTSE decreased 45.76 points to 7,321.41, and the DAX fell 87.60 points to 12,380.31.


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