Canada's S&P/TSX composite index reached an all-time high on Monday due to rising energy prices.
Canada's main stock index, the S&P/TSX composite, hit an all-time high on Monday as energy prices contributed to a gain. The TSX's energy index rose 1.6% as oil prices increased by 3.5%. The price surge is partly due to ongoing uncertainty over the conflict in the Middle East and news that Libya is shutting down its oilfields. This week, investors will receive several economic data reports, including consumer confidence and personal consumption and expenditures, as well as earnings reports from most major Canadian banks.
August 26, 2024
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