S&P/TSX composite up more than 300 points, U.S. stock markets also higher
Strength in the base metal and industrial sectors helped Canada’s main stock index gain more than 300 points, while U.S. stocks also moved higher to start the week.
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Strength in the base metal and industrial sectors helped Canada’s main stock index gain more than 300 points, while U.S. stocks also moved higher to start the week.
The U.S. stock market is clawing back some of its sell-off from last week. The S&P 500 rose 0.5 per cent early Monday.
Stocks of crude oil in the US Strategic Petroleum Reserve fell to 282.2 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy.
Binance’s customers have withdrawn almost US$5 billion from the world’s biggest cryptocurrency exchange since it reopened after a hack that saw $6.3 billion of crypto stolen from the platform in what could be the largest financial heist in history.
Iran’s Revolutionary Guard claimed Friday that three oil tankers exploded and caught fire while traveling through an unauthorized route in the Strait of Hormuz. It said one was a supertanker carrying more than 2 million barrels of oil that struck a naval mine.
Canada’s main stock index fell more than 600 points Friday as markets worry the frenzy around tech stocks has sent prices too high.
A sell-off for tech stocks got even worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
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Hackers stole US$6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record digital asset theft.
Hackers stole US$6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record theft that analysts pinned on North Korea and said could shake faith in digital assets.
A potentially historic drop for Alphabet’s stock is dragging the U.S. market lower after the company behind Google and YouTube reported weaker growth.
Canada’s main stock index edged lower on Thursday, weighed down by losses in the basic materials sector, while U.S. markets also lost ground.
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Discussions on the U.S. lifting sanctions on Russia’s flagship investment fund are underway with the administration of U.S. President Donald Trump, Kremlin foreign policy aide Yuri Ushakov was quoted as saying on Wednesday.
Canada’s main stock index gained nearly 100 points Wednesday, helped by strength in the technology sector, while U.S. markets also rose.
The bond market swung, while U.S. stocks held relatively steady after the U.S. Federal Reserve decided not to raise its interest rate to bring down high inflation.