Canada’s main stock index climbed on Tuesday, lifted by gains in gold prices even as a drop in crude weighed on energy stocks. Markets on both sides of the border saw early gains, but a sharp downturn by midday. Investors also evaluated comments from US President Donald Trump suggesting that the conflict in the Middle East may soon de-escalate.
US markets came out strong, but eventually flatlined by the time the closing bell rang. The night before, Trump said the United States was “making major progress toward completing our military objective,” echoing earlier remarks that the operation could be nearing its end. Speaking at a news conference at his golf club near Miami, he added that the administration remained focused on ensuring that global energy and oil supplies continue to flow.
| TSX | 33,270.65 | +81.33 |  |
| TSXV | 1,089.54 | +26.11 | |
| CSE | 186.03 | +5.67 | |
| DJIA | 47,706.51 | +34.29 | |
| NASDAQ | 22,697.10 | +1.16 | |
| S&P 500 | 6,781.48 | -14.51 |  |
The Canadian dollar traded for 73.60 cents US compared to 73.69 cents US on Monday.
US crude futures traded US$7.77 lower at US$87.00 a barrel, and the Brent contract lost US$8.02 to US$90.94 a barrel.
The price of gold was up US$95.10 to US$5,188.77.
In world markets, the Nikkei was up 1,519.67 points to ¥54,248.39, the Hang Seng was up 551.44 points to HK$25,959.90, the FTSE was up 162.72 points to ₤10,412.24, and the DAX was up 559.26 points to €23,968.63.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
