S&P/TSX composite up more than 400 points in broad-based rally, U.S. markets also up
A broad-based rally pushed Canada's main stock index up more than 400 points in early-afternoon trading, while U.S. stock markets were also up.
The S&P/TSX composite index was up 415.85 points at 19,297.04.
In New York, the Dow Jones industrial average was up 640.27 points at 30,131.16. The S&P 500 index was up 86.94 points at 3,765.37, while the Nasdaq composite was up 275.86 points at 11,091.30.
The Canadian dollar traded for 73.84 cents US compared with 73.20 cents US on Monday.
The November crude contract was up US$2.71 at US$86.34 per barrel and the November natural gas contract was up 39 cents at US$6.86 per mmBTU.
The December gold contract was up US$28.10 at US$1,730.10 an ounce and the December copper contract was up seven cents at US$3.48 a pound.
This report by The Canadian Press was first published Oct. 4, 2022.
Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
Nine out of 10 Canadians believe there could be a recession in 2023, according to a new national survey, with four out of 10 calling it 'likely.'
At first glance, it might seem like the deals have never been better as posters in store windows and online ads trumpet a steady stream of holiday sales. But some consumers say the discounts are more hype than real.
With the 2023 post-secondary education application deadlines approaching, many students across Canada are looking for alternatives to university and college, leaving parents anxious taking a ‘gap year’ could mean they never return to school.
Wouldn't it be nice to never have to work again? While this may sound like a dream to many, it is entirely possible. CTVNews.ca personal finance contributor Christopher Liew shares a handful of helpful tips on how to potentially achieve financial independence.
Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior deputy governor Carolyn Rogers.
Buying your first car can be as exciting as it is daunting. Whether you’re buying a car off the lot from a dealership or purchasing a car in a private sale, contributor Christopher Liew shares in an exclusive column for CTVNews.ca a few basic tips that you should always keep in mind.
In March 2022 alone, food banks across Canada had 1.5 million visits, a 15 per cent increase from the year prior and the highest recorded usage on record.