Hopeful news reported from Statistics Canada on Friday signalled a strong economic recovery. The agency also found that the Canadian economy posted an immense jobs gain in September, putting inflation back to pre-pandemic levels, while the unemployment rate hit an 18-month low. This helped Canada’s main stock index close just a shade higher as it crossed the finish line, as energy stocks jumped on rising oil prices. While most indices moved lower, the financial sector closed higher with energy. This was the first weekly gain in four for the TSX.
US futures had a small fall, a sign that markets have been stirred, but not completely shaken this week. This week’s earlier rebound was thanks to the near-term resolution on the US debt ceiling alongside subsiding gas prices, which took the sting out of two of the most prominent risks for investors over the last couple of weeks.
Today in the Markets
The Canadian dollar traded for 80.22 cents US compared with 79.69 cents US on Thursday.
Crude oil prices were up $1.08 to $78.51.
The price of gold was down 7.91 to $1,756.25.
In world markets, the Nikkei was up 370.73 points to 28,048.94, the Hang Seng was up 136.12 points to 24,837.85, the FTSE was up 17.51 points to 7,095.55, and the DAX was down 44.73 points to 15,206.13.
Top 10 Bullboards:
Today in the News:
| Adastra Holdings Ltd | Adastra Announces Supply & Purchase Agreement with Sitka Weed Works |
| Patriot Battery Metals Inc. | Patriot Battery Metals Completes Property-Wide Remote Sensing Survey and Engages ProspectAir for High-Resolution Heliborne Magnetic Survey at the Corvette-FCI Property, Quebec, Canada |
| Alpha Cognition Inc | Alpha Cognition to Present at LD Micro Main Event |
| Canbud Distribution Corporation | Canbud Appoints New Board Member and Provides Acquisition Update |
| DGTL Holdings Inc. | DGTL Holdings Inc. Signs Software Services Contract with Leading International NFP Organization |
| Peak Fintech Group | Peak Fintech Business Hub Shows Promising Results Following Entry into Oil and Gas Industry in Q3 |
| Algernon Pharmaceuticals Inc. | Algernon Pharmaceuticals Files U.S. FDA Pre-IND Meeting Request for Ifenprodil Chronic Cough Phase 2 Study |
| BioVaxys Technology Corp. | BioVaxys Announces BVX-0320 Poster Presentation at ISIRV-WHO Virtual Conference |
| Saturn Oil & Gas Inc. | Saturn Oil & Gas Inc. Announces CEO Presenting at the International Investment Forum and Completes Share Consolidation |
| Cerrado Gold Inc. | Cerrado Gold Files Technical Report for Its Monte Do Carmo Gold Project in Tocantins State, Brazil |
| Cloud DX | BTV Features Emerging Companies from Cannabis to Gold |
| Puma Exploration Inc. | Puma Exploration Continues Aggressive Exploration on the O'Neil Gold Trend on Its Williams Brook Gold Property, Atlantic Canada |
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