Canada’s primary stock index experienced a decline in late-morning trading, while U.S. stock markets displayed mixed performance following a speech by U.S. Federal Reserve Chair Jerome Powell. Powell stated that future decisions regarding interest rates will be based on incoming data concerning inflation and the overall economy.
The S&P/TSX composite index saw a decrease of 21.18 points, reaching a value of 19,754.65.
In New York, the Dow Jones Industrial Average increased by 76.18 points, reaching 34,175.60. However, the S&P 500 index experienced a decline of 5.80 points, settling at 4,370.51. The Nasdaq composite index also saw a decrease of 58.39 points, reaching 13,405.58.
The Canadian dollar traded at 73.34 cents US, compared to 73.72 cents US on Thursday.
The October crude contract experienced an increase of 89 cents, reaching US$79.94 per barrel. The October natural gas contract remained unchanged at US$2.64 per mmBTU.
The December gold contract saw a decrease of US$12.90, settling at US$1,934.20 per ounce. Similarly, the September copper contract decreased by two cents, reaching US$3.76 per pound.
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