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 flatlines into the red

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| August 7, 2024

{{labelSign}}  Favorites
{{errorMessage}}

Canada’s main stock index took its share of damage from this week’s global selloff and managed to close just out of positive territory on Wednesday. The recovery attempt was bolstered by a rise in oil and gold prices. However, losses among the top mining, financial and industrials sectors kept the TSX from rallying too far.


Sponsored by
Mogotes Metals | Filo - BHP/Lundin Mining acquisition bid for C$4.5B


U.S. stocks surged then sunk, stretching Wall Street’s losing streak to four days. Investors still look to recover some of the losses incurred earlier in the week.

TSX 21,880.95 -98.41 Click to enlarge
TSXV 53373 -8.94 Click to enlarge
CSE 153.28 -4.95 Click to enlarge
DJIA 38,763.45 -234.21 Click to enlarge
NASDAQ 16,195.81 -171.05 Click to enlarge
S&P 500 5,199.52 -40.51 Click to enlarge

The Canadian dollar traded for 72.74 cents U.S. compared with 72.59 cents U.S. on Tuesday.

U.S. crude futures traded $2.25 higher at $75.45 a barrel, and the Brent contract rose $2.06 to $75.54 a barrel.

The price of gold was up US$2.52 to US$2,386.53.

In world markets, the Nikkei was up 414.16 points to 35,089.62, the Hang Seng was up 230.52 points to 16,877.86, the FTSE was up 140.19 points to 8,166.88, and the DAX was up 260.83 points to 17,615.15.


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.

(Top image: File)




{{labelSign}}  Favorites
{{errorMessage}}