S&P/TSX composite down in late-morning trading, U.S. stock markets higher
Losses in the base metal and industrial stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets inched higher.
The S&P/TSX composite index was down 33.40 points at 19,909.30.
In New York, the Dow Jones industrial average was up 68.11 points at 33,901.72. The S&P 500 index was up 16.50 points at 4,310.43, while the Nasdaq composite was up 79.02 points at 13,317.54.
The Canadian dollar traded for 75.07 cents US compared with 74.86 cents US on Thursday.
The July crude contract was up 26 cents at US$71.55 per barrel and the July natural gas contract was down six cents at US$2.29 per mmBTU.
The August gold contract was up US$1.30 at US$1,979.90 an ounce and the July copper contract was up two cents at US$3.81 a pound.
Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.
As Canada ushers in the era of electric vehicles, here's what costs and factors you should consider before making the switch.
Despite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
A new survey found 46 per cent of Canadians are more worried about their finances during this back-to-school season than in previous years.
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall.
As Canadians continue to feel the financial toll of inflation while grocery shopping, one registered dietitian offers practical tips for cutting costs at dollar stores, without compromising nutrition.
For those who have recently immigrated to Canada, it's important to learn the basics of how the country's financial system works. Personal finance contributor Christopher Liew shares some financial tips around how to open a bank account, build your credit and file your taxes as a newcomer.
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