Canada’s main stock index reached an all-time high on Thursday, propelled by advances in financial and technology stocks. This surge was fuelled by positive U.S. retail sales data, which highlighted a robust consumer market.
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Meanwhile, U.S. stocks climbed, buoyed by gains in semiconductor companies. Strong economic indicators helped alleviate ongoing concerns about a possible recession.
The Canadian dollar traded for 72.46 cents U.S. compared with 72.72 cents U.S. on Wednesday.
U.S. crude futures traded $0.38 higher at $70.77 a barrel, and the Brent contract added $0.32 to $74.54 a barrel.
The price of gold was up US$18.11 to US$2,692.20.
In world markets, the Nikkei was down 269.11 points to 38,911.19, the Hang Seng was down 207.75 points to 20,079.10, the FTSE was up 56.06 points to 8,385.13, and the DAX was up 150.58 points to 19,583.39.
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(Top image generated with AI)