Canada’s main stock index rose again on Thursday for the eighth-straight session with industrials and financial shares powering growth on the TSX while health care and energy dropped. Statistics Canada reported that retail sales were steady in November, down in most categories led by food and beverage losses.
The S&P closed at another new record high. US jobs data from the Labor Department revealed that initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 223,000 last week, above the 220,000 forecast by Reuters’ economists. This supported expectations that the Federal Reserve won’t cut interest rates next week.
The Canadian dollar traded for 69.56 cents US compared to 69.49 cents US on Wednesday.
US crude futures traded US$1.21 lower at US$74.23 a barrel, and the Brent contract lost US$1.12 to US$77.88 a barrel.
The price of gold was down US$4.94 to US$2,753.71.
In world markets, the Nikkei was up 312.62 points to 39,958.87, the Hang Seng was down 78.21 points to 19,700.56, the FTSE was up 20.07 points to 8,565.20, and the DAX was up 157.26 points to 21,411.53.
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.)