Support from the finance sector couldn’t keep Canada’s main stock index afloat on Thursday, as mounting losses from the mining, industrials, tech and energy segments took their toll on the TSX. However, some gains among healthcare, utilities and telecom stocks capped losses.
Investors on both sides of the border remain on the edge ahead of the U.S. economic data. U.S. stocks could use some new shampoo as it was another split end while Wall Street continues to struggle since September trading begin. The August nonfarm payrolls report is due out Friday, which could play a key role in the Federal Reserve’s interest rate decision later this month.
The Canadian dollar traded for 74.01 cents U.S. compared with 73.79 cents U.S. on Wednesday.
U.S. crude futures traded $0.01 lower at $69.20 a barrel, but the Brent contract rose $0.01 to $72.71 a barrel.
The price of gold was up US$17.85 to US$2,513.89.
In world markets, the Nikkei was down 390.52 points to 36,657.09, the Hang Seng was down 13.04 points to 17,444.30, the FTSE was down 27.89 points at 8,241.71, but the DAX was up 3.66 points to 18,595.51.
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(Top image generated with AI)