Canadian market soars as energy stocks boost S&P/TSX index; oil prices climb, CAD strengthens.

Canada's S&P/TSX composite index rose nearly 200 points, reaching 25,074.79, driven by gains in energy and base metal stocks due to rising oil prices. In contrast, U.S. stocks showed mixed results, with the Dow Jones down slightly and the S&P 500 and Nasdaq up. The Canadian dollar strengthened to 71.18 cents US, while crude oil prices increased by $2.07 to $68.99 per barrel. Investors are also watching for upcoming economic data and corporate earnings.

November 18, 2024
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