Canada’s main stock index closed the last trading day before the long weekend in the green despite mounting losses from heavyweight sectors. The TSX began the day lower on meagre gains from the financial, telecom and healthcare indices, but a late game rally pushed markets higher. Statistics Canada reported that the country’s GDP increased 0.5 per cent in Q2 after rising 0.4 per cent in Q1.
U.S. markets ended higher as a volatile trading month on Wall Street came to an end. Traders took stock of important inflation data closely watched by the Federal Reserve with hopes for a rate cut next month.
The Canadian dollar traded for 74.19 cents U.S. compared with 74.16 cents U.S. on Thursday.
U.S. crude futures traded $2.29 lower at $73.62 a barrel, and the Brent contract lost $1.14 to $78.80 a barrel.
The price of gold was down US$19.63 to US$2,502.39.
In world markets, the Nikkei was up 285.22 points to 38,647.75, the Hang Seng was up 202.75 points to 17,989.07, the FTSE was down 3.01 points at 8,376.63, and the DAX was down 4.91 points to 18,907.66.
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)