After closing out last week reaching a new high, Canada’s main stock index struggled on Monday, despite rising metal prices. This comes as investors look ahead to a new round of US-China trade negotiations set taking place in London. In a positive diplomatic gesture, Beijing expressed a willingness to strengthen ties with Canada following a phone conversation on Friday between Chinese Premier Li Qiang and Canadian Prime Minister Mark Carney.
From Our Partners
Meanwhile, major US stock indexes advanced, driven by renewed optimism surrounding the upcoming trade talks between the United States and China.
The Canadian dollar traded for 73.03 cents US compared to 73.02 cents US on Friday.
US crude futures traded $0.28 higher at US$64.86 a barrel, and the Brent contract rose $0.21 to US$66.68 a barrel.
The price of gold was up US$22.00 to US$3,333.70.
In world markets, the Nikkei was up 346.96 points to ¥38,088.57, the Hang Seng was up 388.89 points to HK$24,181.43 the FTSE was down 5.63 points to ₤8,832.28, and the DAX was down 130.14 points to €24,174.32.
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.