Canada’s main stock index advanced on Thursday, driven by gains in financial and utilities stocks while reports emerged of a possible US personnel evacuation in the Middle East. Meanwhile, investors remained cautious, awaiting further details on the US-China trade agreement.
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In the US, equity markets held steady as escalating tensions in the Middle East dampened risk appetite, with market participants also looking for greater transparency regarding recent trade negotiations with China. Boeing (NYSE:BA) stock fell more than 4 per cent after an Air India plane crashed, killing all but one on board and those on the ground in its path, in the first such incident involving a 787 Dreamliner.
The Canadian dollar traded for 73.50 cents US compared to 73.14 cents US on Wednesday.
US crude futures traded $0.04 lower at US$68.11 a barrel, and the Brent contract lost $0.24 to US$69.53 a barrel.
The price of gold was up US$63.64 to US$3,388.44.
In world markets, the Nikkei was down 248.10 points to ¥38,173.09, the Hang Seng was down 331.56 points to HK$24,035.38 the FTSE was up 20.57 points to ₤8,884.92, and the DAX was down 177.45 points to €23,771.45.
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