TORONTO — Canada’s main stock index posted a small gain Thursday despite weakness in energy stocks, while U.S. markets ended the day mixed.
TORONTO — Canada’s main stock index posted a small gain Thursday despite weakness in energy stocks, while U.S. markets ended the day mixed.
After a weak start to the year with some of 2023’s winners leading the way down, Thursday saw markets start to stabilize, said Greg Taylor, chief investment officer at Purpose Investments.
“This feels more like a throwaway day, trying to stabilize from the initial weakness we had to start the week,” he said.
This wasn’t a surprise after the nine-week winning streak on Wall St. that ended the year, said Taylor.
“We ended the year with a really strong stretch,” he said, as markets started to get more comfortable with the idea that a soft landing for the economy was within reach.
“I think we ended on a high note, and that’s…
