Equities in Toronto rose on Monday, as investors remained cautious while Canadians head to the polls to vote in the latest federal election. Results will begin to emerge from the eastern provinces to the west and territories after polls close at various times this evening.
Traders on Wall Street are anticipating the busiest phase of the Q1 earnings season, during which over 180 S&P 500 companies will announce their results. Investors also keenly await any advancements in trade negotiations, particularly with China. Over the weekend, Treasury Secretary Scott Bessent mentioned in an ABC News interview that he is unsure whether President Donald Trump has communicated with Chinese President Xi Jinping.
The Canadian dollar traded for 72.35 cents US compared to 72.11 cents US on Friday.
US crude futures traded US$1.06 lower at US$61.96 a barrel, and the Brent contract lost US$1.13 to US$65.74 a barrel.
The price of gold was up US$18.80 to US$3,351.40.
In world markets, the Nikkei was up 134.25 points to ¥35,839.99, the Hang Seng was down 8.78 points to HK$21,971.96, the FTSE was up 2.09 points to ₤8,417.34, and the DAX was up 29.22 points to €22,271.67.
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(Top image via elections.ca.)