CanadaTSX Rises
The S&P/TSX composite index increased nearly 200 points, with utility shares advancing. U.S. stock markets also moved higher.
Global Newsflix 1 min read
The TSX edged up as bond yields retreated and utility shares advanced.
The S&P/TSX composite index was up nearly 200 points, with U.S. stock markets also gaining ground.
TSX futures pointed higher amid an easing bond selloff and a drop in oil prices.
Key facts
- The S&P/TSX composite index increased nearly 200 points.
- Utility shares advanced.
- U.S. stock markets also moved higher.
- TSX futures pointed higher amid an easing bond selloff.
Three perspectives
Neutral
The TSX rise is attributed to a retreat in bond yields and an advance in utility shares. The U.S. stock markets also saw gains. Investors will be watching for further developments.
Positive
The increase in the S&P/TSX composite index is a positive sign for the Canadian stock market. The advance in utility shares also contributed to the rise.
Negative
The drop in oil prices may have a negative impact on certain sectors. The easing bond selloff may not be sustained.
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