Toronto stock market sets new record high on rally led by materials and financials

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 99%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Canada's main stock index set a new record high on a broad-based rally led by materials and financials.

Ross Marowits, The Canadian PressLast Updated Thursday, September 19, 2019 5:26PM EDT

"We are in the last leg of optimism and rally before the lower interest rate environment enthusiasm wears off," he said in an interview. "The market still believes that rates are going lower and so that's a positive in helping markets go higher," he said. Crude oil prices surged 15 per cent following last weekend's attack. They fell as Saudi Arabia said it brought some of the output back online but remain up about six per cent.

The December gold contract was down US$9.60 at US$1,506.20 an ounce and the December copper contract was down 0.45 of a cent at US$2.61 a pound.Health care fell 3.2 per cent with shares of Canopy Growth Corp. losing 8.7 per cent.In New York, the Dow Jones industrial average was down 52.29 points at 27,094.79. The S&P 500 index was flat at 3,006.79, while the Nasdaq composite was up 5.49 points at 8,182.88.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines