Strength in the financial, tech, as well as energy and metals and mining sectors helped lift Canada’s main stock index in Wednesday trading. Utilities and industrials saw declines.
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The Dow Jones Industrial Average had dropped more than 100 points in early trading as the UK announced that its regulators authorized the Pfizer and BioNTech vaccine for emergency use but did little to boost US stock futures or stock markets broadly in Europe. The index moved to close on the higher side in what was a split day on Wall Street. The monthly ADP report on private sector jobs showed that a fewer-than-expected 307,000 new positions were added last month.
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The Canadian dollar traded for 77.28 cents US compared with 77.21 cents US on Tuesday.
Crude oil prices were up $0.65 to $45.20.
The price of gold was up $16.68 to $1,828.19.
In world markets, the Nikkei was up 13.45 points to 26,800.98, the Hang Seng was down 35.05 points to 26,532.58, the FTSE was up 79.63 points to 6,463.39, and the DAX was down 68.70 points to 13,313.24.
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