@ the Bell: Truce, data, and deals drive market moves
Canada's main stock index took a stumble on Friday, following a record high reached earlier in the session. Markets in both Canada and the US were lifted by the continued stability of a ceasefire between Israel and Iran, along with a series of economic reports that strengthened expectations for potential interest rate cuts by the Federal Reserve later this year.
Meanwhile, US stocks moved upward to end the week, indicating a possible continuation of recent market momentum. Investor optimism was further supported by the anticipated release of the Fed's preferred inflation measure and news of a US-China agreement aimed at accelerating the delivery of rare earth materials vital to numerous industries.
The Canadian dollar traded for 72.83 cents US compared to 72.86 cents US on Thursday.
US crude futures traded $0.30 higher at US$65.54 a barrel, and the Brent contract rose $0.20 to US$67.93 a barrel.
The price of gold was down US$13.18 to US$3,382.33.
In world markets, the Nikkei was up 566.21 points to ¥40,150.79, the Hang Seng was down 41.25 points to HK$24,284.15, the FTSE was up 63.31 points to ₤8,798.91, and the DAX was up 383.92 points to €24,033.22.
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2 hours ago
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Daily World Briefing, June 28
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