A new year saw the TSX and many other major stock market indices fall lower on the first trading day of 2024. Canada’s major stock index fell by 0.41 per cent as the energy, telecoms, base metals and utilities sectors finished on the winning side, and technology, healthcare and battery metals were the biggest decliners.
South of the border, only the Dow Jones Industrial Average registered gains – and just slightly. Apple stock dropped by 3.84 per cent as tech stocks fell, pulling the S&P 500 and NASDAQ indices down with them.
The Canadian dollar traded for 75.02 cents U.S. compared to 75.72 cents U.S. on Friday.
U.S. crude futures traded $1.15 lower at $70.50 a barrel, and the Brent contract lost $1.04 to $76.00 a barrel.
The price of gold was down US$4.30 to US$2,067.50.
In world markets, the Nikkei was down 75.43 points to 33,464.17, the Hang Seng was down 258.84 points to 16,788.55, the FTSE was down 11.72 points to 7,721.52, and the DAX was up 17.72 points to 16,769.36.
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