Global News on Nostr: S&P/TSX composite gains 20 points Thursday with U.S. markets closed for July 4 ...
S&P/TSX composite gains 20 points Thursday with U.S. markets closed for July 4
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The S&P/TSX composite index closed up 20.35 points at 22,244.02 on Thursday, with U.S. stock markets closed for the July 4 holiday. Investors are focused on Friday's jobs numbers in both the U.S. and Canada, which could have implications for interest rate cuts in both countries. Economists expect the U.S. economy to have added about 190,000 jobs in June. The U.S. Federal Reserve is considering when to start cutting its key interest rate, with markets seeing September as a possibility. The Bank of Canada recently announced its first interest rate cut in years, and Friday's jobs report is expected to add to evidence of a slowing economy. The Canadian dollar traded for 73.46 cents US compared with 73.33 cents US on Wednesday.
#S&p/tsxCompositeIndex #UsStockMarkets #July4Holiday #JobsNumbers #InterestRateCuts #UsEconomy #BankOfCanada #CanadianDollar
https://globalnews.ca/news/10605223/sp-tsx-composite-july-4-2024/
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The S&P/TSX composite index closed up 20.35 points at 22,244.02 on Thursday, with U.S. stock markets closed for the July 4 holiday. Investors are focused on Friday's jobs numbers in both the U.S. and Canada, which could have implications for interest rate cuts in both countries. Economists expect the U.S. economy to have added about 190,000 jobs in June. The U.S. Federal Reserve is considering when to start cutting its key interest rate, with markets seeing September as a possibility. The Bank of Canada recently announced its first interest rate cut in years, and Friday's jobs report is expected to add to evidence of a slowing economy. The Canadian dollar traded for 73.46 cents US compared with 73.33 cents US on Wednesday.
#S&p/tsxCompositeIndex #UsStockMarkets #July4Holiday #JobsNumbers #InterestRateCuts #UsEconomy #BankOfCanada #CanadianDollar
https://globalnews.ca/news/10605223/sp-tsx-composite-july-4-2024/