The main stock index of Canada reached a record intraday high of 24,107.00 on Thursday, driven by gains in consumer discretionary and mining stocks. The mining sector led the way on the TSX, while energy and telecom markets experienced declines.
In the U.S., markets rebounded from the previous session’s drop, with weekly jobless claims showing a greater decrease than expected, signaling a stable labor market. Durable goods orders for August remained unchanged, contrary to economists’ predictions of a decline, and the final estimate of Q2 GDP held steady at 3 percent.
The Canadian dollar traded at 74.22 cents U.S., compared to 74.16 cents U.S. on Wednesday. U.S. crude futures were down $2.40 at $67.29 a barrel, and the Brent contract lost $2.26 to $71.20 a barrel. The price of gold increased by US$15.95 to US$2,672.90.
In global markets, the Nikkei rose by 1,055.37 points to 38,925.63, the Hang Seng was up 795.48 points to 19,924.58, the FTSE increased by 16.21 points to 8,284.91, and the DAX gained 319.86 points to 19,238.36.
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