Canada’s benchmark stock index closed lower on Wednesday, pressured by a decline in gold prices, as investors monitored ongoing tensions in the Middle East and US President Donald Trump’s visit to China.
Meanwhile, technology shares led the market, outperforming other sectors. Concerns about inflation—driven by rising energy costs linked to the conflict involving Iran—weighed on industries such as retail and banking. Nvidia (NASDAQ:NVDA) stock moved 2.5 per cent higher, and Micron Technology (NASDAQ:MU) posted a 4.3 per cent gain. The upward momentum comes in the wake of Nvidia CEO Jensen Huang accompanying President Trump on his China trip, where meetings with Chinese President Xi Jinping took place.
| TSX | 34,041.43 | -249.30 |  |
| TSXV | 1,016.12 | -1.59 | |
| CSE | 178.89 | +0.47 |  |
| DJIA | 49,693.20 | -67.36 | |
| NASDAQ | 26,402.34 | +314.14 | |
| S&P 500 | 7,444.25 | +43.29 | |
The Canadian dollar traded for 72.97 cents US compared to 72.99 cents US on Tuesday.
US crude futures traded US$1.15 lower at US$101.00 a barrel, and the Brent contract lost US $2.09 to US$105.70 a barrel.
The price of gold was up US$7.40 to US$4,694.10.
In world markets, the Nikkei was up 529.54 points to ¥63,272.11, the Hang Seng was up 40.53 points to HK$26,388.44, the FTSE was up 30.31 points to ₤10,295.63, and the DAX was up 181.88 points to €24,136.81.