A significant decline across markets led by the metals and mining sector pushed Canada’s main stock index lower on Thursday, with the financial and energy sectors. Tech and telecom moved higher.
Wall Street’s main indexes were flat as investors weighed a report from the Labor Department that showed the number of Americans filing new claims for unemployment benefits fell last week, while a separate reading showed US producer prices rose more than expected through July. This comes on the heels of data that showed growth in consumer prices appeared to be slowing. Such data usually serves as preferred inflation gauges of the Federal Reserve when altering monetary policy.
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The Canadian dollar traded for 79.84 cents US compared with 79.96 cents US on Wednesday.
Crude oil prices were down $0.28 to $68.97.
The price of gold was up 1.00 to $1,754.30.
In world markets, the Nikkei was down 55.49 points to 28,015.02, the Hang Seng was down 142.34 points to 26,517.82 the FTSE was down 26.91 points to 7,193.23 and the DAX was up 111.42 points to 15,937.51.
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