(Stock image generated with AI.)

Canada’s main stock index was muted on Tuesday as investors held back, awaiting key policy decisions from the US Federal Reserve and the Bank of Canada. Financial stocks led gains on the TSX while industrials and energy led the drop.

Meanwhile, US equities were divided as Wall Street focused on the upcoming Federal Reserve interest rate announcement. Traders mostly expect the central bank to cut its benchmark overnight lending rate by another quarter point, continuing the trend seen in September and October.

TSX31,244.37+74.40TSX
TSXV940.28+15.27TSXV
CSE152.58+0.93CSE
DJIA47,560.29-179.03DJIA
NASDAQ23,576.49+30.58NASDAQ
S&P 5006,840.51-6.00S&P 500

The Canadian dollar traded for 72.16 cents US compared to 72.14 cents US on Monday.

US crude futures traded $0.67 lower at US$58.21 a barrel, and the Brent contract lost $0.58 to US$61.91 a barrel.

The price of gold was up US$16.77 to US$4,205.65.

In world markets, the Nikkei was up 73.16 points to ¥50,655.10, the Hang Seng was down 331.13 points to HK$25,434.23, the FTSE was down 3.08 points to ₤9,642.01, and the DAX was up 116.64 points to €24,162.65.


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