Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC. The S&P/TSX composite index was up 173.
Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC.
The declines were largely the result of losses in the tech sector. U.S. software giant Salesforce saw its stock suffer its worst day in nearly 20 years, losing nearly a fifth of its value after reporting weaker revenue for the latest quarter than analysts expected. Markets are keenly watching for any signs that could indicate the U.S. Federal Reserve might be getting ready to cut interest rates.
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