Commodity prices help send TSX higher, U.S. stock markets mixed amid inflation data - BNN Bloomberg
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Article Excerpt
TORONTO — Commodity prices helped lift Canada’s main stock index on Thursday as U.S. markets posted mixed results.
The S&P/TSX composite index was up 114.12 points at 34,850.21.
“For Canada (and) the TSX, the rise in commodity prices and precious metals specifically, is helping the index outperform U.S. equities. That is driven by some renewed geopolitical worries around the Strait of Hormuz,” said Angelo Kourkafas, senior global investment strategist at Edward Jones.
Real-time TSX market updates here
The August gold contract was up US$38.80 at US$4,047.60 an ounce.
At the same time,…
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