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@ the Bell: Mining adversity can’t keep the TSX down

Jonathon Brown Jonathon Brown, The Market Herald
0 Comments| November 20, 2023

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Canada’s main stock index was muted, but marginally higher to start the trading week on Monday, thanks to a gain in mining shares. Miner First Quantum Minerals lost more ground over further reduced ore processing at its mine in Panama, but a rebound in gold prices alleviated some negative pressure on the market.


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Heading into the U.S. Thanksgiving long weekend, Wall Street indexes showed positive signs hanging near their highest levels in three months. Prices for the 10-year Treasury fell back, raising yields to 4.46 per cent from Friday’s 4.44 per cent.

TSX 20,246.47 +70.70 Click to enlarge
TSXV 532.46 +1.96 Click to enlarge
CSE 167.20 -3.33 Click to enlarge
DJIA 35,151.04 +203.76 Click to enlarge
NASDAQ 14,284.53 +159.05 Click to enlarge
S&P 500 4,549.61 +35.59 Click to enlarge

The Canadian dollar traded for 72.84 cents U.S., compared to 72.91 cents U.S. on Friday.

U.S. crude futures traded $1.61 higher at $77.50 a barrel, and the Brent contract rose $1.47 to $82.08 a barrel.

The price of gold was up US$2.46 to US$1,977.51.

In world markets, the Nikkei was down 197.17 points to 33,388.03, the Hang Seng was up 323.88 points to 17,778.07 the FTSE was down 9.85 points to 7,494.40, and the DAX was down 7.90 points to 15,911.26.


The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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