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Spreadsheet
Markets on both sides of the border slid Monday on fears that central banks won’t cut interest rates as quickly as expected. The U.S. 10-year yield climbed to 4.166% as red filled trading screens. Investor sentiment wasn’t helped by McDonald’s reporting weaker-than-expected sales, particularly in the war-plagued Middle East.
MCD shares fell 3.73%. Other key movers were Tesla at -3.65%, Ford -4.53% and Caterpillar jumping 2% to a record high after beating profits. Boeing‘s latest safety woes are misdrilled holes in its hapless 737 Max, which sent shares sinking 1.48%. Meanwhile, Bitcoin slipped 0.43% to under $42,400.
Canadian stocks fared even worse as the TSX sank nearly 1% to close below 20,900. All sectors were down, led by staples, tech and real estate. Major names: Enbridge -1.45%, Telus -1.83%, Nuvei 3.68%, Lithium Americas -7.99% and Ballard Power -6.61%. WTI crude, however, climbed 0.7% to nearly $73 a barrel.
🍟 McDonalds (MCD-N) -3.73%
🚗 Tesla Inc (TSLA-Q) -3.65%
🚘 Ford Motor (F-N) -4.53%
🏗 Caterpillar (CAT-N) +2%
🛫 Boeing (BA-N) -1.48%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.43%
🛢 Enbridge (ENB-T) -1.45%
📱 Telus Corp (T-T) -1.83%
💾 Nuvei Corp (NVEI-T) +3.68%
⛏ Lithium Americas Corp (LAC-T) -7.99%
🧬 Ballard Power Systems (BLDP-T) -6.61%
