AI generated stock image.
(Stock image generated with AI.)

Canada’s main stock index moved lower on Wednesday as mining and financial market losses dragged the TSX lower for a fifth straight session. Industrials and telecom shares rose. The loonie continued its drop following the latest reading on inflation, which fell below the two per cent target.


Sponsored by
Trade Crypto in Canada


After hitting a record high earlier this month, the Dow Jones Industrial Average had its worst performance since August. Investors were glued to the US Federal Reserve’s Summary of Economic Projections and Chair Jerome Powell’s conferences. The Fed lowered its benchmark interest rate by 25 basis points The central bank is anticipated to moderate expectations for additional rate cuts in the coming year, especially given the persistent inflation.

TSX24,557.00-562.71TSX
TSXV582.31-14.94TSXV
CSE129.31-1.31CSE
DJIA42,326.87-1,123.03DJIA
NASDAQ19,392.69-716.37NASDAQ
S&P 5005,908.71-141.90S&P 500

The Canadian dollar traded for 69.30 cents US compared to 69.87 cents US on Tuesday.

US crude futures traded $0.46 higher at US$70.54 a barrel, and the Brent contract added $0.14 to US$73.35 a barrel.

The price of gold was down US$26.43 to US$2,620.10.

In world markets, the Nikkei was down 282.97 points to 39,081.71, the Hang Seng was up 164.07 points to 19,864.55, the FTSE was up 3.91 points to 8,199.11, and the DAX was down 3.80 points to 20,242.57.


The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image generated with AI.)


More From The Market Online
Xcyte Digital Corp

Xcyte Digital Corp. acquires former Streamlined Communications assets

Xcyte Digital Corp. (TSXV:XCYT) has signed an agreement for sale of collateral with a Delaware limited liability company.
Hydrogen ESG concept

dynaCERT’s combustion engine enhancer is ramping up production

dynaCERT (TSX:DYA) eyes production of 1,000 units of its HydraGEN HG1, which improves fuel efficiency and emissions in combustion engines.
bull against a stock market graph background

Market Open: Carney for PM Ahead of BoC’s Interest Decision Tipping TSX Down |  Monday, March 10, 2025

Well Canada’s next Prime Minister has been elected, just ahead of the BoC’s next interest rate...
AI generated stock image

@ the Bell: TSX stumbles into the week

The TSX plunged over 300 points at the start of the week. Traders are avoiding risks due to ongoing concerns about the global trade…