Technology: North American stocks close higher, loonie climbs after inflation figures released - PressFrom - Canada
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TechnologyNorth American stocks close higher, loonie climbs after inflation figures released

00:10  16 may  2019
00:10  16 may  2019 Source:   msn.com

North American stocks tumble as U.S.-China trade war escalation looms

North American stocks tumble as U.S.-China trade war escalation looms North American stocks tumble as U.S.-China trade war escalation looms

TORONTO - Canada’s main stock index closed higher Wednesday along with U.S. markets, led by gains in the tech sector. The market gains came as the hit from heightened trade tensions between the U.S. and China somewhat eased, said Colin Cieszynski, chief market strategist at SIA Wealth

Canada's main stock index closed higher Wednesday along with U.S. markets, led by gains in the tech sector. "Overall it seems as though some of the fear that really gripped the market earlier in the week is still kind of falling off." Markets were riled after the U.S. said Friday it would increase tariffs on

North American stocks close higher, loonie climbs after inflation figures released© Provided by Canadian Press Enterprises Inc

TORONTO — The industrials and technology sectors helped Canada's main stock index close higher as U.S. stock markets also ended up.

The S&P/TSX composite index ended up 33.61 points 16,318.14.

In New York, the Dow Jones industrial average closed up 115.97 points at 25,648.02. The S&P 500 index ended up 16.55 points at 2,850.96, while the Nasdaq composite was up 87.65 points at 7,822.15.

The Canadian dollar averaged 74.34 cents US, compared with an average of 74.24 cents US on Tuesday, after Statistics Canada said the consumer price index posted a year-over-year increase of two per cent last month.

Loonie up after record jobs report, stocks down amid U.S.-China trade talks

Loonie up after record jobs report, stocks down amid U.S.-China trade talks Loonie up after record jobs report, stocks down amid U.S.-China trade talks

North of the border, Statistics Canada released disappointing figures on both the inflation and retail sales front. Meanwhile, retail trade figures showed that total sales slipped 0.1 per cent in July from the previous month. In other commodity news, the October contract for natural gas shed 3.5 cents to

Strength in the energy sector helped Canada's main stock index post a triple-digit increase in late-morning trading as worries about a trade war between China and the United States eased.

The June crude contract closed up 24 cents at US$62.02 per barrel and the June natural gas contract was down six cents at US$2.60 per mmBTU.

The June gold contract was up US$1.50 at US$1,297.80 an ounce and the July copper contract was up two cents at US$2.74 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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