Sept 28 - Canada's main stock index inched higher on Thursday and was set to snap a two-day losing streak as oil and gas companies climbed, with gains limited by declines in healthcare shares.
The energy sector added 0.6%, extending a five-day winning streak as crude oil prices held steady amid supply concerns and growing expectations that key Western economies will maintain high interest rates. The Canadian dollar strengthened against its U.S. counterpart, and the yield on benchmark government bond climbed.
Healthcare stocks were the biggest drags, down 1.1%, as shares of marijuana companies fell following a rally in the previous session after a banking bill moved forward in the U.S. Senate.Latest report showed the U.S. economy maintained a fairly strong pace of growth in the second quarter while the weekly jobless claims edged higher.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Equities fall as U.S. Treasury yields, dollar stay elevatedKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Futures snap back after previous session's maulingKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Dollar in command as euro and pound slide to 6-month lowsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Fed's Kashkari: Unsure if Fed has hiked enough to bring inflation to targetKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
S&P 500, Nasdaq rise after previous session's thrashing; yields easeKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
U.S. Treasury tasks JPMorgan with account validation for federal agenciesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »