Equities trading in Canada’s largest centre continued the winning theme of the week on Wednesday thanks to growth among consumer discretionary shares while investors watch the latest developments from US-China trade talks.
Late Tuesday, US and Chinese officials concluded two days of trade talks in London by committing to revive a deal reached last month in Geneva and to lift China’s export restrictions on rare earth elements — a key obstacle in the previous agreement.
American traders were pleased with lighter inflation data from the consumer price index and the core CPI, which both rose 0.1 per cent in May from April, less than expected.
The Canadian dollar traded for 73.14 cents US compared to 73.04 cents US on Tuesday.
US crude futures traded US$2.91 higher at US$67.89 a barrel, and the Brent contract rose US$2.66 to US$69.53 a barrel.
The price of gold was down US$25.35 to US$3,348.16.
In world markets, the Nikkei was up 209.68 points to ¥38,421.19, the Hang Seng was up 204.07 points to HK$24,366.94 the FTSE was up 11.27 points to ₤8,864.35, but the DAX was down 38.66 points to €23,948.90.
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