In a surprising turn of events, technology stocks have played a significant role in driving Canada’s main stock index higher in late-morning trading. This positive performance stands in contrast to the mixed performance seen in the US stock markets.
The S&P/TSX composite index has shown a modest increase of 5.09 points, reaching 20,924.73. On the other side of the border, the Dow Jones industrial average experienced a decline of 80.38 points, settling at 38,645.95. Meanwhile, the S&P 500 index displayed resilience with an increase of 15.44 points at 5,013.35, and the Nasdaq composite surged ahead with an impressive gain of 148.50 points, reaching 15,942.22.
The Canadian dollar saw a marginal increase as well, trading at 74.28 cents US compared to Thursday’s rate of 74.26 cents US.
In the commodities market, the March crude contract showcased strength, climbing 30 cents and reaching US$76.52 per barrel. Conversely, the March…
