@ the Bell: Tech rally pushes TSX to one week high

It was a bumpy day for Canada’s main stock index, but strength in the technology, energy and base metal sectors helped lead the TSX to a flat close in the green on Tuesday. Canadian stocks have experienced a solid recovery from their lows in October as investors hope major central banks may ease their aggressive rate-hike stances.

Riding a sign that inflation may have peaked, US stock markets also climbed higher after a report showed inflation slowed in November. Softer-than-expected inflation raised hopes the Federal Reserve could shift to smaller rate hikes.

Today in the Markets TSX 20,023.46 +3.76 TSX TSXV 574.27 +0.38 CSE 232.91 -8.51 TSXV DJIA 34,414.00 +146.00 NASDAQ 11,963.25 +134.75 S&P 500 4,057.50 +32.25

The Canadian dollar traded for 73.77 cents US, compared to 73.36 cents US on Monday.

US crude futures traded $ 2.35 higher at $ 75.52 a barrel, while the Brent contract gained $ 2.75 to $ 80.74 a barrel.

The price of gold was up US$ 29.85 to US$ 1,812.00.

In world markets, the Nikkei was up 112.52 points to 27,954.85, the Hang Seng was up 132.57 points to 19,596.20, the FTSE was up 56.92 points to 7,502.89, and the DAX was up 191.26 points to 14,497.89.

Get @ the Bell delivered to your email inbox every day!

Sign Up Here

DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here. Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.

The post @ the Bell: Tech rally pushes TSX to one week high appeared first on The Market Herald.

@ the Bell: Tech rally pushes TSX to one week highStock