Canada’s main stock index was volatile Thursday, but thanks to an industrials, utilities and energy market surge, the TSX closed in the green. Positive comments from Bank of Canada Governor Tiff Macklem lifted sentiment on the future of interest rates. He told the House of Commons finance committee that the bank is not close to its limit of how far interest rates can diverge from the United States.
South of the border, the latest wave of quarterly earnings by the likes of Qualcomm (NDAQ:QCOM) turned out to be better-than-expected. Major players Apple (NDAQ:AAPL), Amgen (NDAQ:AMGN), Coinbase (NDAQ:COIN), and DraftKings Inc. (NDAQ:DKNG) come after the bell.
The Canadian dollar traded for 73.11 cents compared with 72.70 cents U.S. on Wednesday.
U.S. crude futures traded $0.06 lower at $78.94 a barrel, but the Brent contract gained $0.18 to $83.62 a barrel.
The price of gold was down US$21.67 to US$2,302.82.
In world markets, the Nikkei was down 37.98 points to 38,236.07, the Hang Seng was up 444.10 points to 18,207.13, the FTSE was up 50.91 points to 8,172.15, but the DAX was down 35.67 points to 17,896.50.
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.