Canada’s main stock index declined on Tuesday, pulling back after a record-breaking rally. The drop was driven by falling prices in the precious metals and energy sectors, which had recently seen gains.
Meanwhile, US markets also slipped, following a strong start to the week that saw major indexes hit new highs. Monday’s surge was fuelled by optimism around a possible uptick in mergers and acquisitions, as well as expectations of an upcoming interest rate cut by the Federal Reserve.
| TSX | 30,351.72 | -180.16 |  |
| TSXV | 991.36 | +1.38 |  |
| CSE | 185.15 | +0.96 | |
| DJIA | 46,602.98 | -91.99 | |
| NASDAQ | 22,941.67 | -153.30 | |
| S&P 500 | 6,714.59 | -25.69 | |
The Canadian dollar traded for 71.65 cents US compared to 71.68 cents US on Monday.
US crude futures traded $0.37 higher at US$62.06 a barrel, and the Brent contract rose $0.28 to US$65.75 a barrel.
The price of gold was up US$29.65 to US$3,981.68.
In world markets, the Nikkei was down 6.12 points to ¥47,950.88, the Hang Seng remained at HK$26,957.77, the FTSE was up 4.44 points to ₤9,483.58, and the DAX was up 7.49 points to €24,385.78.
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