A broad rally led by financial sector gains pushed Canada’s main stock index to a positive close to end the week higher. The industrials, mining and energy sectors also provided significant growth for the TSX.
It was a similar story south of the border where markets jumped after word from the Federal Reserve indicated that interest rate cuts could be coming as soon as next month.
The Canadian dollar traded for 74.01 cents U.S. compared with 73.51 cents U.S. on Thursday.
U.S. crude futures traded $1.90 higher at $74.91 a barrel, and the Brent contract rose $1.82 to $79.04 a barrel.
The price of gold was up US$22.79 to US$2,510.17.
In world markets, the Nikkei was up 153.26 points to 38,364.27, the Hang Seng was down 28.90 points to 17,612.10, the FTSE was up 39.78 points to 8,327.78, and the DAX was up 142.14 points to 18,635.53.
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)