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TORONTO — Canada's main stock index rose Thursday, helped by strength in energy and utilities stocks, while U.S. markets moved lower ahead of reports on the labour market on both sides of the border. The S&P/TSX composite index closed up 38.86 points at 25,680.04. In New York, the Dow Jones industrial average was down 248.33 points at 44,765.71. The S&P 500 index was down 11.38 points at 6,075.11, while the Nasdaq composite was down 34.86 points at 19,700.26. Friday will bring the monthly jobs reports in both the U.S. and Canada, which markets will be eyeing for clues on upcoming interest rate decisions by central banks, said Kevin Headland, co-chief investment strategist at Manulife Investment Management. The U.S. Federal Reserve has several key data reports coming before it makes its own decision on Dec. 18, said Headland, including inflation. Markets are currently leaning toward a quarter-percentage-point cut from the Fed, he said. But “there’s a lot of data for them to digest before the announcement.” The Bank of Canada’s decision is next week, and Headland said markets seem to think there’s a good chance the central bank could cut by an outsized half-percentage point. “In my belief, the bank is trying to front-run the mortgage renewals that are coming due over the next year or so, to just avoid some of the bigger hits to discretionary spending,” said Headland. “There’s no reason for them not to continue rate cuts unless there’s a surprise tomorrow.” Canadian bank earnings continued to roll in on Thursday. CIBC saw its profit rise while its provisions for loan losses dropped. TD also saw its profit rise, though its adjusted earnings were lower as the bank continues to work through the fallout from its anti-money laundering deficiencies. Meanwhile, BMO’s earnings were a miss on analyst expectations but the bank said it expects loan performance to improve in 2025. So far, there haven’t been any major surprises from bank earnings overall, said Headland. Bitcoin continued its meteoric rise, briefly breaching US$100,000 for the first time after U.S. president-elect Donald Trump tapped crypto advocate Paul Atkins to head the Securities and Exchange Commission. “US$100,000 is definitely a psychological threshold,” said Headland. “I guess time will tell whether it can remain at that level,” he added. “If we’re getting downside pressure to risk assets, I would assume that Bitcoin and other companies will be swept up in that negativity.” But for now, the surge is indicative of the broader positive momentum markets have enjoyed since Donald Trump’s election, said Headland. The Canadian dollar traded for 71.24 cents US compared with 71.09 cents US on Wednesday. The January crude oil contract was down 24 cents at US$68.30 per barrel and the January natural gas contract was up four cents at US$3.08 per mmBTU. The February gold contract was down US$27.80 at US$2,648.40 an ounce and the March copper contract was down a penny at US$4.19 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 5, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressNo. 22 St. John's, Georgia pack busy schedule with game on SundayPremier Music Cruise FriendShip Now Offering Crypto Purchase Option with Solana via Helio
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Struggling with today’s Wordle? Discover hints, strategies, and the answer for Wordle puzzle #1281 on December 21, 2024. Your ultimate NYT Wordle guide. Wordle hints, clues and answer today #1281 December 21, 2024: Every day, a new puzzle is added! If you were one of the initial users, you should be aware that Wordle has had a number of changes and challenges in recent years. However, the player just needs to guess five or six letters in the really basic Wordle game. You may be able to predict the sentences right away by using the coloured tiles. Yellow indicates that the letter is in the wrong place but correct, green indicates that the letter is in the appropriate place, and grey indicates that the letter is not in the word. Applying one of the aforementioned ideas and attempting to predict the future course of the problem is adequate. Note that there could be as many as six options for the word of the day. However, there are some situations where a lengthy decision-making process is beneficial. By following these guidelines and suggestions, you can select the word of the day rather than the standard response. Wordle Hints for December 21, 2024 Wordle #1281’s word of the day was chosen because it has the ability to halt your run. However, even when we talk clearly, we may occasionally mislead others. Additionally, it makes use of the letter repetition feature. Don’t worry, though; you can adhere to these rules: – The word has two vowels. – It starts with the letter ‘B’. – There are no repeated letters. – The third letter is ‘A’. – Here’s a clue: The sharp, flat part of a tool or weapon, or the flat, narrow part of a leaf. Are you still having trouble identifying the issue? The final piece of advice can make a significant difference. Don’t pull out just yet if you’re close and just need one or two letters. The solution is given below. Today’s Wordle Answer (December 21, 2024) If you wish to try it one final time, you can now scroll away. But as you wait for your guess to be confirmed, here’s the word you’re looking for: Today’s Wordle answer is “BLADE.” Did you figure it out by yourself? You probably understood this one easily. Stay tuned and return tomorrow for further details on how to finish the Wordle challenge. Click for more latest Gaming news . Also get top headlines and latest news from India and around the world at News9. Pragya is an accomplished journalist known for in-depth reporting and a keen eye for detail. Delivers insightful and well-researched content that informs and engages readers.
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