Canada’s main stock index hit a near-two month low on Thursday, as the losses in the country’s top lenders’ lacklustre earnings overshadowed gains in tech stocks, which climbed or the second day in a row. The industrials sector also rose higher while the rest of the indices fell.
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On Wall Street, markets were split, though chip stock Nvidia (NASDAQ:NVDA) surged nearly 25 per cent after posting its latest quarterly results. 10-year Treasury prices lost ground, raising yields to 3.78 per cent from the previous session’s 3.74 per cent. Treasury yields and prices move in opposite directions.
The Canadian dollar traded for 73.33 cents US, compared to 73.58 cents US on Wednesday.
US crude futures traded $2.36 lower at $71.98 a barrel, and the Brent contract lost $2.08 to $76.28 a barrel.
The price of gold was down US$20.19 to US$1,939.98.
In world markets, the Nikkei was up 118.45 points to 30,801.13, the Hang Seng was down 369.01 points to 18,746.92, the FTSE was down 56.23 points to 7,570.87, and the DAX was down 48.33 points to 15,793.80.
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