At the end of July, the Toronto Stock Exchange (TSX) closed higher as the materials sector strengthened. However, a further decline in oil prices has also been noted.
The S&P/TSX composite index gained 85.66 points to close at 14,468.44. The December gold contract was also up, gaining US $6.40 to $1,095.10 an ounce.
However, the September contract for crude oil fell $1.40 to settle at US $47.12, ending its worst monthly decline since 2008. The loonie also lost 0.41 of a cent, dropping to 76.45 cents U.S.
Meanwhile, In the U.S, the Dow Jones industrial average dropped 56.12 points to 17,689.86, while the Nasdaq edged back 0.50 points to 5,128.28. Additionally, the S&P 500 fell 4.79 points to 2,103.84. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
