Investors in Canada’s main stock market seemed to mark the fact that the soccer World Cup is well and truly underway in Qatar by pushing the Toronto Stock Exchange up near 60 points on Thursday to make it a ‘hat trick’ of successive winning days for total gains of near 360 points. This takes the overall index closer to the 20,400 level and its highest levels in five months.
Almost all sectors reported gains today, with Battery Metals leading up near 0.8%, followed by Info Tech and Health Care, both up nearer 0.6%
In the commodities space, while there was some electronic trading Thursday, volumes were seen as light. There was more focus on Europe where diplomats were locked in talks over how strict a price cap on Russian oil should be. According to Bloomberg, some countries were saying a $65 proposal was “too generous” to Moscow. Negotiations between EU ambassadors was delayed beyond Thursday.
Low volumes were also observed with US investors, and many in Canada, marking the Thanksgiving holiday.
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