TORONTO — Canada's main stock index closed slightly lower on Monday after Prime Minister Justin Trudeau officially announced he plans to step aside, while U.S. stock markets were mixed.
Given the criticism of the capital gains tax change, which has yet to pass but would have raised taxes on companies and some individuals, “that's certainly been looked on favourably,” said Currie. South of the border, large tech stocks led gains, echoing the leadership position they held for much of 2024.
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Canadian Stocks Rise on First Day of 2025, US Markets DipCanada's main stock index climbed on the first trading day of 2025, fueled by energy and base metals, while US markets started the year with losses. US markets fell due to strong job market data, which raised concerns about the Federal Reserve's interest rate cuts. In contrast, Canadian markets were buoyed by energy and materials, despite challenges like a stalled GDP and rising unemployment.
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Canadian Oil and Gas Stocks Rise After Trudeau ResignationThe Canadian energy sector saw a boost following the announcement of Prime Minister Justin Trudeau's resignation, with oil and gas stocks experiencing significant gains. Trudeau's government had invested heavily in the sector while also implementing policies considered unfavorable by some.
출처: CTVCalgary - 🏆 26. / 68 더 많은 것을 읽으십시오 »
Canadian Oil and Gas Stocks Surge as Trudeau ResignsCanadian oil and gas stocks experienced a significant surge on Monday following Prime Minister Justin Trudeau's resignation. The energy sector led all others on the TSX in terms of gains, with the S&P/TSX capped energy index rising nearly two percent. Some investors and traders celebrated the news on social media, as Canada's oil and gas industry has had a complex relationship with Trudeau's government over the past decade.
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Canadian oil stocks climb as industry absorbs news of Justin Trudeau’s resignationS&P/TSX capped energy index climbing as much as two per cent in midday trading before settling to close up 0.79 per cent
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Premarket: European stocks dip, ignoring China rally, Aussie falls after RBAChina bond yields hit record lows
출처: globebusiness - 🏆 31. / 66 더 많은 것을 읽으십시오 »
Premarket: Global stocks dip on concerns over Fed rate plans, disappointing China retail dataEuropean PMIs weak again
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