Canada’s TSX index kept its cool on Monday, registering a controlled loss following Justin Trudeau’s resignation as Prime Minister of Canada. Top winners include Hut 8 (9.6%), Shopify (3.6%) and Tourmaline Oil (3.5%), with the energy sector (0.9%) and base metals (1.1%) doing the heavy lifting on a sector level.
U.S. stocks came out ahead after a shaky start, including the Nasdaq and the S&P 500, driven by gains in communication and technology stocks, continuing mega-caps’ reign. Top gainers include NVIDIA (3.43%), Meta (4.2%) and MicroStrategy (11.6%).
The Canadian dollar traded for 69.70 cents U.S. compared to 69.24 cents U.S. on Friday.
U.S. crude futures traded US$0.53 lower to US$73.43 per barrel, and the Brent contract fell by US$0.06 to US$76.24 per barrel.
The price of gold was down by US$7.70 to US$2,647 per ounce.
In world markets, the Nikkei was down by 587.49 points to 39,307.05, the Hang Seng was down by 71.98 points to 19,688.29, the FTSE was up by 25.68 points to 8,249.66, and the DAX was up by 310.11 points to 20,216.19.
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