TORONTO — Gains in the financial, industrial and utilities sectors led Canada's main stock index higher on Monday, while U.S. stock markets also rose.
TORONTO — Gains in the financial, industrial and utilities sectors led Canada's main stock index higher on Monday, while U.S. stock markets also rose.
“It feels like with Biden stepping back, and no one challenging Harris, that it feels like it could start to quiet down in the election front for the next little bit. And that seems to be good news,” said Taylor. “So we're unwinding some of that nervousness in the market.” Investors will be looking at companies’ spending on artificial intelligence, which has been a main driver of the recent strength on Wall St., and eyeing whether any companies are scaling back on that spending, said Taylor.
Even though investors seem back on board with tech this week, he hopes that broadening will continue.In Canada, investors are waiting for Wednesday, when the Bank of Canada will announce its interest rate decision. A cut isn’t guaranteed, but many think it’s likely, said Taylor.
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