Canada's main stock index eked out a gain on Wednesday as losses in the energy sector weighed on the index, while U.S. markets rose. The Dow Jones industrial average was up 184.74 points at 35,273.03. The S&P 500 index was up 18.43 points at 4,556.62, while the Nasdaq composite was up 65.88 points at 14,265.86. The January crude oil contract was down 67 cents at US$77.10 per barrel and the January natural gas contract was up four cents at US$3.03 per mmBTU.
The December gold contract was down US$8.80 at US$1,992.80 an ounce and the December copper contract was down five cents at US$3.76 a pound. As recently as last month, TD's team was predicting average home prices would decline five per cent through the first quarter of 2024, a call they first made in September. They've now changed the forecasted drop to 10 per cent, they said in a research note Wednesday., while putting more pressure on mortgage holder
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