The Canadian main stock index closed the week on a positive note with a broad rally, driven largely by gains in the financial sector. Additionally, the industrials, mining, and energy sectors also experienced significant growth on the TSX.
Similar market movements were observed in the United States, where markets saw an increase following statements from the Federal Reserve suggesting potential interest rate cuts in the near future.
The Canadian dollar was trading at 74.01 cents U.S., up from 73.51 cents U.S. the previous day. U.S. crude futures also saw an increase, with prices rising to $74.91 a barrel, and the Brent contract reaching $79.04 a barrel.
Meanwhile, the price of gold went up by US$22.79 to US$2,510.17. In global markets, the Nikkei saw a 153.26 point increase to 38,364.27, the Hang Seng saw a slight decrease of 28.90 points to 17,612.10, the FTSE rose by 39.78 points to 8,327.78, and the DAX increased by 142.14 points to 18,635.53.
Please note that the information provided in this article is for informational purposes only and should not be construed as investment advice. For full disclaimer information, please refer to the provided link.
