Canada’s main stock index nudged up on Thursday, tracking counterparts and overseas, but losses across heavyweight mining and energy sectors kept growth in check. The utilities sector led gains on the TSX.
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Riding signs of a comeback to its late 2024 performance, the S&P 500 ended slightly higher as other major American indices fell. The benchmark is still nearly 25 per cent higher than it was at this time, last year. Traders took stock of the latest batch of earnings reports and are also looking ahead to more big bank earnings.
The Canadian dollar traded for 69.45 cents US compared to 69.77 cents US on Wednesday.
US crude futures traded US$1.39 lower at US$78.65 a barrel, and the Brent contract lost $0.75 to US$81.29 a barrel.
The price of gold was up US$22.18 to US$2,716.63.
In world markets, the Nikkei was up 128.02 points to 38,572.60, the Hang Seng was up 236.82 points to 19,522.89, the FTSE was up 90.77 points to 8,391.90, and the DAX was up 80.71 points to 20,655.39.
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(Top image generated with AI.)