Daily Markets Update: TSX Surges 1.5% as Wall Street Rallies Ahead of Jobs-Day Double Header
Canadian and U.S. markets both closed sharply higher Thursday after a dovish-sounding comment from a Fed official cooled fears of a September rate hike. But the calm may not last: Statistics Canada and the U.S. Bureau of Labor Statistics release their August jobs reports simultaneously this morning, and both could move markets fast. 🇨🇦 TSX: Miners and Banks Power a 541-Point Rally The S&P/TSX Composite Index jumped 541.51 points, or 1.5%, to close Thursday at 36,633.12 , its biggest one-day gain in about a month. The move followed comments from U.S. Federal Reserve Governor Christopher Waller, who said he's inclined to be patient on interest rate policy — a notably softer tone than the hawkish signals sent by Fed Chair Kevin Warsh just days earlier at Jackson Hole. Traders responded by trimming bets on a Fed rate hike this month. Gold miners led the charge as gold prices jumped alongside the dovish repricing: Agnico Eagle gained about 5%, Barrick Mining rose 3.1%, and Wheat...

Comments
Post a Comment