Canada’s main stock index continued to struggle but ended on the higher side of flat on Thursday in a broad sell-off. Technology shares led the underperformers as the sector endured its worst day in more than a month on the TSX, dragged down by crypto miners such as Hut 8 (TSX:HUT) tracking Bitcoin’s decline.
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U.S. stocks sunk on investor disappointment over tech juggernaut Meta Platforms (NASDAQ:META) quarterly performance results. Persistent inflation has pushed back hopes of an interest rate cut in the early half of this year.
The Canadian dollar traded for 73.23 cents compared with 73.20 cents U.S. on Wednesday.
U.S. crude futures traded $0.96 higher at $83.77 a barrel, and the Brent contract added $1.20 to $89.22 a barrel.
The price of gold was up US$16.12 to US$2,332.22.
In world markets, the Nikkei was down 831.60 points to 37,628.48, the Hang Seng was up 83.27 points to 17,284.54, the FTSE was up 38.48 points to 8,078.86, and the DAX was down 171.42 points to 17,917.28.
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