Broad losses across the Toronto Stock Exchange on Thursday took Canada’s main stock index down a few pegs after an impressive rally this week.
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As traders worried about record spikes in new US daily coronavirus cases, Dow futures took a hit, while the Nasdaq endured a losing skid into a third session that was fuelled by the pummelling of stay-at-home tech companies. The October 2020 consumer price index remained unchanged, while The Labor Department reported a fewer-than-expected 709,000 initial filings for unemployment benefits last week. That is down 48,000 from the prior week’s revised number, a sign of improvement in the job market but still well above pre-pandemic levels.
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The Canadian dollar traded for 76.33 cents US compared with 76.55 cents US on Wednesday.
Crude oil prices were down $0.51 to $40.94.
The price of gold was up $9.51 to $1,874.99.
In world markets, the Nikkei was up 172.44 points to 25,520.88, the Hang Seng was down 57.47 points to 26,169.38, the FTSE was down 42.87 points to 6,338.94, and the DAX was down 161.23 points to 13,052.23.
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