TSX gains more than 300 points on basic materials stocks
Canada’s main stock index rose more than 300 points, with basic materials stocks leading the gains, while U.S. stock markets were closed.
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Canada’s main stock index rose more than 300 points, with basic materials stocks leading the gains, while U.S. stock markets were closed.
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The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian Revolution remains the biggest oil crisis by cumulative supply loss, according to Reuters calculations based on International Energy Agency, OPEC and U.S. Department of Energy data.
Canada’s dollar will strengthen less than previously expected over the coming year as uncertain negotiations to revise the Canada-United States-Mexico Agreement (CUSMA) weigh on the domestic economy, reducing the prospects of interest rate hikes from the Bank of Canada, a Reuters poll showed.
Shares advanced Friday in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses.
Most U.S. stocks are rising Thursday after the latest update on the job market suggested the U.S. Federal Reserve may feel less pressure to hike interest rates. But more swings for chip stocks and other winners of the artificial-intelligence boom are keeping indexes mixed.
Canada’s main stock index finished higher, helped by gains in technology and basic materials stocks, while U.S. markets were mixed.
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Canada’s main stock index edged higher Tuesday amid positive economic data, while U.S. markets also gained ground.
U.S. stocks rose Tuesday and trimmed their losses in what had been a rocky June. The S&P 500 gained 0.8 per cent.
South Bow and Bridger Pipeline plan to jointly develop a new pipeline project from Guernsey, Wyoming to Cushing, Oklahoma, Canada’s South Bow said in an emailed statement on Tuesday.
Oil prices were heading on Tuesday for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.
Canada’s main stock index was down more than 150 points amid broad-based losses, while U.S. markets gained ground.
U.S. stocks rose Monday and recovered some of their losses from a rare losing week. The S&P 500 climbed 1.2 per cent.