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@ the Bell: TSX ends week scoring another record high

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| September 13, 2024

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Driven by gains in mining shares, Canada’s main stock index reached a record high on Friday. Markets assessed an overnight jump in bets for a larger U.S. interest-rate cut by the Federal Reserve next week. The tech and energy sectors were also top supporters of the broad-based rally on the TSX. A new report stated that wholesale trade grew by 0.4 per cent in July from June, while Canadian industries’ capacity ran at 79.1 per cent of capacity in Q2 2024.

U.S. markets rose near record highs as they finished out their fourth winning week in the past five.

TSX 23,568.65 +93.51 Click to enlarge
TSXV 580.43 +9.83 Click to enlarge
CSE 160.31 +1.39 Click to enlarge
DJIA 41,393.78 +1,963.71 Click to enlarge
NASDAQ 17,683.98 +114.30 Click to enlarge
S&P 500 5,626.02 +30.26 Click to enlarge

The Canadian dollar traded for 73.58 cents U.S. compared with 73.64 cents U.S. on Thursday.

U.S. crude futures traded $0.19 higher at $69.16 a barrel, and the Brent contract rose $0.07 to $72.04 a barrel.

The price of gold was up US$23.34 to US$2,581.16.

In world markets, the Nikkei was down 251.51 points to 36,581.76, the Hang Seng was up 128.70 points to 17,369.09, the FTSE was up 32.12 points at 8,273.09, and the DAX was up 170.42 points to 18,688.81.

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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