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Stockhouse @ the Bell: Energy & materials continue TSX’s push

Stockhouse Editorial
0 Comments| October 16, 2019

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Mixed trading saw Canada’s main stock index close higher on Wednesday, while the financial, materials and energy sectors moved up. Meanwhile, sterling came off five-month highs while US markets traded sideways as caution rose over a US / China trade deal, after China lambasted new legislation taking a hard line on China.

The S&P/TSX Composite Index was up 8.79 points to 16,427.18, but the TSX Venture Exchange was down 2.14 points to 539.05.

The Canadian dollar traded for 75.80 cents US compared with an average of 75.69 cents US on Tuesday.

Crude oil prices were up $0.51 to $53.32.

The price of gold was up $12.39 to $1,489.99.

In US markets; the Dow slid 22.82 points to 27,001.98 the S&P 500 shrank 5.99 points to 2,989.69 and the NASDAQ was down 124.52 points to 8,124.18.

In world markets; the Nikkei jumped another 268.89 points to 22,472.92 the Hang Seng grew 161.32 points to 26,664.28, the FTSE lost 43.43 point to 7,167.95, but the DAX was up 40.45 points to 12,670.45.



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