Canada’s main stock index rose on Thursday, with industrials leading the TSX on the way to a new record high. Investors are looking forward to a reading from Q3 annualized gross domestic product data due Friday, as it is expected to impact the Bank of Canada’s rate-setting meeting next month. So far this year, the central bank has cut its key interest rate four times in a row.
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Markets on Wall Street were closed for the Thanksgiving holiday and will re-open for a half-day of trading on Friday.
The Canadian dollar traded for 71.38 cents US compared to 71.29 cents US on Wednesday.
U.S. crude futures traded $0.19 higher at US$68.91 a barrel, and the Brent contract rose $0.45 to US$73.28 a barrel.
The price of gold was down US$2.63 to US$2,638.05.
In world markets, the Nikkei was up 214.09 points to 38,349.06, the Hang Seng was down 236.17 points to 19,366.96, the FTSE was up 6.47 points to 8,281.22, and the DAX was up 163.98 points to 19,425.73.
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(Top image generated with AI.)