News  Sources

CANADA STOCKS-TSX futures rise on strength in oil and metal prices

Futures tied to Canada's main stock index rose on Thursday, supported by higher crude and metal prices following the Bank of Canada's rate cut. The energy sector could rebound as oil prices jumped due to supply concerns in the Middle East and reports of North Korean troops ready to help Russia in Ukraine. The materials sector could benefit from rising gold prices driven by higher demand amid geopolitical tensions and U.S. election uncertainty. The Canadian central bank slashed its interest rate by 50 basis points, bringing it down to 3.75% from 4.25%, and investors are now focusing on the December policy meeting.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-13996603/CANADA-STOCKS-TSX-futures-rise-strength-oil-metal-prices.html
Source Id: 8378621560

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox