(Stock image generated with AI.)

Canada’s main stock index sunk on Tuesday as investors adopted a more cautious stance, compounded by falling commodity prices that added downward pressure. Health care was the lone gainer on the TSX.

Meanwhile, US markets moved sideways after mixed economic data failed to clarify the outlook for interest rates. A recent report indicated that price pressures are accelerating, with average selling prices for businesses rising at one of the fastest paces since mid-2022.

TSX31,263.93-43.95TSX
TSXV935.57-9.30TSXV
CSE182.11+9.90CSE
DJIA48,114.26-302.30DJIA
NASDAQ23,111.46+54.05NASDAQ
S&P 5006,800.26-16.25S&P 500

The Canadian dollar traded for 72.68 cents US compared to 72.61 cents US on Monday.

US crude futures traded US$1.32 lower at US$55.50 a barrel, and the Brent contract lost US$1.41 to US$59.15 a barrel.

The price of gold was down US$3.63 to US$4,309.52.

In world markets, the Nikkei was down 784.82 points to ¥49,383.29, the Hang Seng was down 393.47 points to HK$25,235.41, the FTSE was down 66.52 points to ₤9,684.79, and the DAX was down 153.04 points to €24,076.87.


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