Canada’s main stock index was up more than 100 points in late-morning trading, boosted by strength in the base metal and technology stocks, while U.S. stock markets also pushed higher.
October 04, 2024 at 11:44AM EDTTORONTO — Canada's main stock index gained almost 200 points Friday, led by strength in energy, tech and base metals, while U.S. markets also rose.
It also indicated an economic soft landing is still possible after the U.S. Federal Reserve hiked rates to quell inflation, said Priest. But now that some worries about the employment situation have been soothed, the Fed looks set to steadily reduce its rate this year and into 2025, said Priest.In New York, the Dow Jones industrial average was up 341.16 points at 42,352.75, notching a new all-time high.
Oil prices rose considerably this week as tensions ramped up in the Middle East, with Iran sending missiles into Israel and Israel intensifying its incursion into Lebanon.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite down more than 100 points, U.S. stock markets also lowerTORONTO — Canada's main stock index was down more than 100 points on broad-based weakness on the Toronto market, while U.S. stock markets also fell in late...
Read more »
S&P/TSX composite gains almost 100 points, U.S. stock markets also higherTORONTO — Strength in the base metal and technology sectors helped Canada's main stock index gain almost 100 points on Friday, while U.S. stock markets also ...
Read more »
S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decisionTORONTO — Strength in the base metal and technology sectors helped Canada's main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.
Read more »
S&P/TSX composite up more than 100 points, U.S. stocks also higherTORONTO — Canada's main stock index was up more than 100 points in late-morning trading, helped by strength in the base metal sector, while U.S. stock...
Read more »
Top TSX companies ‘powering Canada’s energy transition’: TSX CEOThe vast majority of top-performing stocks on the Toronto Stock Exchange (TSX) are participants in Canada’s energy transition, according to the exchange’s top executive, who also noted investors are now favouring value over growth.
Read more »
Canada Goose to exit TSX Composite; Algonquin Power stays in TSX 60S&P Dow Jones Indices reshuffling Canada’s main stock index
Read more »