Canada’s main stock index rallied higher on Wednesday, excelling beyond the previous session’s record high reaching 26,336.34. The financial sector once again led gains on the TSX thanks to positive quarterly results from the National Bank of Canada (TSX:NA) and the Bank of Montreal (TSX:BMO).
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US stocks also lost ground a day after the Dow Jones Industrial Average snapped a four-day losing streak. NVIDIA (NASDAQ:NVDA) (down -0.51 per cent at US$134.81 by close) reported Q1 2025 revenue of US$44.1 billion, up 12 per cent from the previous quarter and up 69 per cent from a year ago. The company beat expectations on revenue, but expects to miss out on roughly US$8 billion in revenue due to losses from the ban on shipments of its H20 chips to China.
The Canadian dollar traded for 72.28 cents US compared to 72.39 cents US on Tuesday.
US crude futures traded $0.67higher at US$61.56 a barrel, and the Brent contract rose $0.51 to US$64.60 a barrel.
The price of gold was down US$5.53 to US$3,295.95.
In world markets, the Nikkei was down 1.71 point to ¥37,722.40, the Hang Seng was down 123.68 points to HK$23,258.31 the FTSE was down 52.04 points to ₤8,726.01, and the DAX was down 188.30 points to €24,038.19.
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