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@ the Bell: TSX recovery rally takes a victory lap

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| August 16, 2024

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After a week of consecutive positive sessions, Canada’s main stock index flatlined at Friday’s close. The TSX’s energy sector fell after a drop in the price of oil as the heavyweight mining and industrials sectors also fell.

There was little movement for markets south of the border, where traders closed out this week’s recovery rally finally seeing some stability after the ripple-effects from last week’s global selloff.

TSX 23,054.61 +21.89 Click to enlarge
TSXV 566.41 +8.09 Click to enlarge
CSE 164.60 +2.13 Click to enlarge
DJIA 40,659.76 +96.70 Click to enlarge
NASDAQ 17,631.72 +37.22 Click to enlarge
S&P 500 5,549.49 +6.27 Click to enlarge

The Canadian dollar traded for 73.06 cents U.S. compared with 72.81 cents U.S. on Thursday.

U.S. crude futures traded $1.44 lower at $76.72 a barrel, and the Brent contract lost $1.25 to $79.79 a barrel.

The price of gold was up US$50.58 to US$2,508.13.

In world markets, the Nikkei was up 1,336.03 points to 38,062.67, the Hang Seng was up 321.02 points to 17,430.16, the FTSE was down 35.94 points to 8,311.41, and the DAX was up 139.16 points to 18,322.40.

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 generated with AI)




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