Canada’s main stock index fell further on Thursday with only the tech, financial and energy sectors logging meagre gains on the TSX. Industrials led the otherwise broad decline, followed by utilities and mining.
South of the border, the S&P 500 ended its losing streak at three days, its longest since early September. The Nasdaq rose and Tesla (NDAQ:TSLA) surged more than 22 per cent after the electric vehicle manufacturer posted quarterly profits that exceeded analysts’ expectations.
The Canadian dollar traded for 72.18 cents U.S. compared with 72.27 cents U.S. on Wednesday.
U.S. crude futures traded $0.28 lower at $70.49 a barrel, and the Brent contract lost $0.25 to $74.71 a barrel.
The price of gold was up US$19.36 to US$2,736.45.
In world markets, the Nikkei was up 38.43 points to 38,143.29, the Hang Seng was down 270.53 points to 20,489.62, the FTSE was up 10.74 points to 8,269.38, and the DAX was up 65.38 points to 19,443.00.
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(Top image generated with AI)