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@ the Bell: The TSX comes full circle

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| November 15, 2024

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Despite closing in the red on Friday, the TSX ended the week 101 points higher than where it began on Monday, reaching an all-time high since then. Canada’s main stock index was pushed lower under a mostly broad decline across markets. The mining segment moved higher, as did utilities shares. The energy sector dropped on falling crude prices while the financial sector struggled following US Federal Reserve Chair Jerome Powell’s speech urging caution on interest-rate cuts.

In comparison, the Dow and S&P lost more than 2 per cent this week as Wall Street’s post-election rally officially fizzled out. The NASDAQ fell 3.5 per cent since Monday.

TSX 24,890.68 -158.99 Click to enlarge
TSXV 591.22 +0.71 Click to enlarge
CSE 146.64 +2.30 Click to enlarge
DJIA 43,444.99 -305.87 Click to enlarge
NASDAQ 18,680.12 -427.53 Click to enlarge
S&P 500 5,870.62 -78.55 Click to enlarge

The Canadian dollar traded for 70.96 cents US compared to 71.11 cents US on Thursday.

US crude futures traded US$1.66 lower at US$67.04 a barrel, and the Brent contract lost US$1.44 to US$71.12 a barrel.

The price of gold was down US$6.52 to US$2,561.86.

In world markets, the Nikkei was up 107.21 points to 38,642.91, the Hang Seng was down 9.47 points to 19,426.34, the FTSE was down 7.58 points to 8,063.61, and the DAX was down 52.89 points to 19,210.81.


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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