The TSX Index added more than 1 per cent on Thursday, touching a record high, driven by strong earnings from Canada’s Big Six banks, besting analysts’ expectations despite trade tensions with the US.
US markets posted more modest gains, balancing evidence of a softening labour market with the benefits of a potential rate cut next week by the US Federal Reserve, which is an 87 per cent likelihood according to the CME FedWatch tool.
The Canadian dollar traded for US$0.7165, down from US$0.7167 on Wednesday.
US crude futures traded US$0.75 higher to US$59.70 per barrel, while the Brent contract added US$0.05 to US$63.31 per barrel.
The price of gold was up by US$7.20 to US$4,239.70 per ounce.
In world markets, the Nikkei was up by 1,163.74 points to 51,028.42, the Hang Seng was up by 175.17 points to 25,935.90, the FTSE was up by 18.80 points to 9,710.87, and the DAX was up by 188.32 points to 23,882.03.
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