Mining, tech and energy gains overcame telecom and financial losses to bring Canada’s main stock index to a higher close on Monday. U.S. economic data coming later this week is the next item on investor’s radars. It is expected to offer a look into the timing and scope of monetary policy for the rest of the year.
After a winning week south of the border, U.S. markets also nudged higher and saw success. The S&P 500 hit a new record close, its 26th in 2024. Traders look ahead to the Federal Reserve’s interest rate decision and May inflation data.
The Canadian dollar traded for 72.66 cents U.S. compared with 72.68 cents U.S. on Friday.
U.S. crude futures traded $2.36 higher at $77.89 a barrel, and the Brent contract added $2.16 to $81.78 a barrel.
The price of gold was up US$10.77 to US$ 2,309.53.
In world markets, the Nikkei was up 354.23 points to 39,038.16, the Hang Seng remained at 18,366.95, the FTSE was down 16.89 points to 8,228.48, and the DAX was down 62.38 points to 18,494.89.
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(Top photo: File)