Canada’s main stock index climbed on Tuesday, supported by rising gold and energy prices. Investors also kept a close eye on corporate earnings and anticipated potential trade agreements with the US ahead of Friday’s tariff deadline.
It was a different story in the US, where markets sunk despite gains in the gold and energy markets, as investors evaluated earnings reports and awaited developments in trade negotiations. This week is also the peak of earnings season, with over 150 S&P 500 companies scheduled to release their results. However, shares of UnitedHealth (NYSE:UNH) declined almost 7 and a half per cent after the company issued a 2025 forecast that missed Wall Street expectations, citing continued pressure from elevated medical costs in its insurance division.
| TSX | 27,539.88 | +134.46 |  |
| TSXV | 777.58 | -11.85 |  |
| CSE | 131.31 | -2.67 | |
| DJIA | 44,632.99 | -204.57 | |
| NASDAQ | 21,098.29 | -80.29 | |
| S&P 500 | 6,370.86 | -18.91 | |
The Canadian dollar traded for 72.57 cents US compared to 72.80 cents US on Monday.
US crude futures traded US$2.73 higher at US$69.44 a barrel, and the Brent contract rose US$2.75 to US$72.79 a barrel.
The price of gold was up US$12.73 to US$3,325.15.
In world markets, the Nikkei was down 323.72 points to ¥40,674.55, the Hang Seng was down 37.68 points to HK$25,524.45, the FTSE was up 54.88 points to ₤9,136.32, and the DAX was up 247.01 points to €24,217.37.
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