Canada’s main stock index came out of a holiday long weekend flat but picked up steam by the close. While the energy and financial markets led gains on the TSX, that growth was stifled by losses sustained in the utilities and telecom segments. Statistics Canada reported that the consumer price index rose 1.9 per cent year-over-year in January, up from a 1.8 per cent increase in December.
Delta Air Lines (NYSE:DAL) stock ended 1.61 per cent lower after one of its Bombardier (TSX:BBD) (+3.18 per cent) CRJ900 planes overturned and crashed on the runway at Toronto Pearson International Airport on Monday, injuring at least 18.
The S&P 500 ended at a fresh all-time high while the Dow and Nasdaq struggled early on then finished higher. Markets ended last week on the rise in the face of concerns around inflation, tariffs, and trade disputes.
The Canadian dollar traded for 70.49 cents US compared to 70.59 cents US on Friday.
US crude futures traded US$1.02 higher at US$71.76 a barrel, and the Brent contract rose $0.56 to US$75.78 a barrel.
The price of gold was up US$35.39 to US$2,933.78.
In world markets, the Nikkei was up 96.15 points to ¥39,270.40, the Hang Seng was up 360.58 points to HK$22,976.81, the FTSE was down 5.22 points to ₤8,762.79, and the DAX was up 46.41 points to €22,844.50.
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(Top image generated with AI.)