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Canada’s main stock index climbed higher in Tuesday trading, thanks gains in the energy sector as the price of oil topped $53 (USD) a barrel. The February crude oil contract was up 79 cents at $53.04 (USD) per barrel and the February natural gas contract was up 11 cents at $2.86 (USD) per mmBTU. Financials, industrials, as well as metals and mining were all higher, while health care, tech, telecom, and utilities all closed lower. Sponsored by As markets on Wall Street shave off some their values from recent record highs from last week, investors continue to focus on the prospect for additional COVID-19 fiscal stimulus now that Democrats control the Senate as well as the House and the White House after President-elect Joe Biden’s inauguration on January 20th. Today in the Markets The Canadian dollar traded for 78.38 cents US compared with 78.20 cents US on Monday. Crude oil prices were up $0.89 to $53.14. The price of gold was up 7.14 to $1,855.20. In world markets, the Nikkei was up 25.33 points to 28,164.34, the Hang Seng was up 373.40 points to 28,276.75, the FTSE was down 44.908 points to 6,754.11, and the DAX was down 11.59 […]
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