Canada’s main stock index jumped higher on Tuesday as investors weighed earnings reports from major domestic banks. Meanwhile, concerns about the US Federal Reserve’s independence led to increased risk aversion.
US markets also grew, defying the week’s earlier declines, following President Donald Trump’s decision to remove Federal Reserve Governor Lisa Cook from the central bank’s board.
Global investor sentiment deteriorated further after Trump announced Cook’s dismissal, citing alleged misconduct related to mortgage loans. The move raised fresh alarms about the integrity and independence of the Federal Reserve.
| TSX | 28,339.88 | +169.94 |  |
| TSXV | 812.44 | +9.37 | |
| CSE | 166.02 | +3.44 | |
| DJIA | 45,418.07 | +135.60 | |
| NASDAQ | 21,544.27 | +94.98 | |
| S&P 500 | 6,465.94 | +26.62 | |
The Canadian dollar traded for 72.27 cents US compared to 72.15 cents US on Monday.
US crude futures traded US$1.46 lower at US$63.34 a barrel, and the Brent contract lost US$1.49 to US$67.31 a barrel.
The price of gold was up US$20.77 to US$3,393.70.
In world markets, the Nikkei was down 413.42 points to ¥42,394.40, the Hang Seng was down 304.99 points to HK$25,524.92, the FTSE was down 55.60 points to ₤9,265.80, and the DAX was down 120.25 points to €24,152.87.
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