The Market Online brings you the news as the Canadian Markets Close.
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NewsTranscript
00:00Let's see what happened with stock markets in Toronto today.
00:08Canada's main stock index kept feeling fluctuations due to post-election volatility, with significant
00:13activity in energy and mining sectors driven by falling oil and gold prices.
00:18This was influenced by concerns over weakening demand from a contracting US economy.
00:23On the other hand, US markets saw gains thanks to strong quarterly earnings from major tech
00:27companies.
00:28US eased fears about reduced spending on artificial intelligence with this economic instability
00:33ongoing.
00:35The TSX lost 46 points while the venture fell nearly 7.5.
00:40The Dow rose 83 points and the Nasdaq was up 215.
00:49As for the top-gaining stocks in the TSX on the day, Vertical Studios doubled its value
00:53with a 100% rally today.
00:55Black Iron Inc. hammered out 58% gains and RTG mining unearthed 33%.
01:07But the biggest losers were Reserverlogix Corp ending the day 22% lower, Carnalite Resources
01:14gave up 16% and I-80 Gold Corp was down 15%.
01:20That's it for this market update.
01:22Thanks for watching.
01:23I'm Jonathan Brown.
01:24I'll see you next time.