TSX ends lower as interest-rate sensitive stocks weigh

March 18 - Canada's main stock index ended lower on Monday as some of the interest-rate sensitive sectors, such as utilities, lost ground ahead of a policy decision this week by the Federal Reserve.

U.S. central bankers are not expected to cut borrowing costs at a policy announcement on Wednesday but their new economic projections may be a wild card. High-dividend paying telecom and utilities companies could particularly benefit from lower borrowing costs. In contrast, energy added 0.9% as the price of oil rose to a four-month high on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the United States. U.S. crude futures settled 2.1% higher at $82.72 a barrel.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Kitco NEWS Reports on Mining Companies Snowline Gold and NexGen EnergyKitco NEWS provides accurate and objective reporting on mining companies Snowline Gold and NexGen Energy. Snowline Gold has seen significant growth due to outstanding drill results and backing from B2Gold. NexGen Energy has experienced a surge in stock value with the rise in uranium prices.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Energy transition stocks get lots of love from investors, TSX Venture list showsCALGARY — Canadian-based mining companies that are betting on the global energy transition saw a surge of investor interest in 2023, according to the latest ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »