Canada’s main stock index hit a new two-week low on Thursday, thanks to losses led by health care and tech stocks. On the plus side, mining and telecom were higher. The pace of interest rate hikes by major central banks still has traders spooked.
The impact of economic growth is also on the mind of investors on Wall Street, where indexes also fell lower.
The concern is that if the means to get inflation under control are too aggressive, stocks will be even more volatile than they already are, which could eventually slide the economy down.
Today in the Markets
The Canadian dollar traded for 74.13 cents US compared to 74.39 cents US on Wednesday.
US crude futures traded 0.71 per cent higher at $83.53 a barrel, while the Brent contract gained 0.67 per cent to $90.43 a barrel.
The price of gold was up US5.27 to US$1,671.80.
In world markets, the Nikkei was down 159.30 points to 27,153.83, the Hang Seng was down 296.67 points to 18,147.95, the FTSE was down 85.36 points to 7,304.26, and the DAX was down 96.32 points to 12,535.24.
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