Futures tracking Canada’s benchmark stock index fell on Wednesday as commodity prices lost ground on rising bets of interest rate hikes south of the border. While the major mining and energy sectors were the big decliners, the utilities, financial, and industrials sectors provided some gains.
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US Stock futures moved downward as investors assessed the latest round of earnings reports from major banking institutions. Some posted a loss in profits, while others delivered better-than-expected results. Traders have been watching the results closely after the industry was rattled last month by bank failures.
Today in the Markets
| TSX | 20,680.83 | -3.85 |  |
| TSXV | 626.16 | -4.33 | |
| CSE | 163.88 | +0.43 |  |
| DJIA | 33,897.01 | -79.62 | |
| NASDAQ | 12,157.23 | +3.81 | |
| S&P 500 | 4,154.53 | -0.34 | |
The Canadian dollar traded for 74.29 cents US, compared to 74.65 cents US on Tuesday.
US crude futures traded $1.70 lower at $79.16 a barrel, and the Brent contract lost $1.63 to $83.14 a barrel.
The price of gold was down US$10.88 to US$ 1,994.80.
In world markets, the Nikkei was down 52.07 points to 28,606.76, the Hang Seng was down 282.75 points to 20,367.76, the FTSE was down 10.67 points to 77,898.77, but the DAX was up 12.53 points to 15,895.20.
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