Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

@ the Bell: TSX sinks as producer prices rise

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| May 28, 2024

{{labelSign}}  Favorites
{{errorMessage}}

Canada’s main stock index couldn’t get a rally going on Tuesday as steep declines within the industrials sector dragged the market. This comes as Stats Canada reported that its Industrial Product Price Index rose 1.5 per cent month over month in April and saw a year-over-year increase of 1.4 per cent. Only the mining and energy markets managed to secure any gains on the TSX.


Sponsored by
Voyageur Pharmaceuticals Ltd Secures USD $1.9 Million Sales Contract


While the Dow Jones and S&P had a rough start to this shorter week in New York, the NASDAQ reached a new high. The tech-heavy index climbed on support from the likes of NVIDIA Corp. (NDAQ:NVDA; NEO:NVDA), closing nearly 7 per cent higher.

TSX 22,265.05 -108.33 Click to enlarge
TSXV 611.03 +4.62 Click to enlarge
CSE 177.30 -2.22 Click to enlarge
DJIA 38,852.86 -216.73 Click to enlarge
NASDAQ 17,019.88 +99.09 Click to enlarge
S&P 500 5,306.04 +1.32 Click to enlarge

The Canadian dollar traded for 73.26 cents U.S. compared with 73.34 cents U.S. on Monday.

U.S. crude futures traded $2.42 higher at $80.14 a barrel, and the Brent contract added $1.36 to $84.46 a barrel.

The price of gold was up US$4.97 to US$ 2,357.42.

In world markets, the Nikkei was down 44.65 points to 38,855.37, the Hang Seng was down 6.19 points to 18,821.16, the FTSE was down 63.41 points to 8,254.18, and the DAX was down 96.84 points to 18,677.87.

(Top photo: Adobe Stock)



{{labelSign}}  Favorites
{{errorMessage}}