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@ the Bell: Markets stagnant under mounting losses

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26 March 2024 16:15 (EDT)

Gains in precious metals miners helped lift Canada’s resources-heavy stock index slightly in early Tuesday, though a dip in copper prices kept that growth in check. By market close, the financial sector tried to lead a positive movement while energy shares were another source of losses. Enbridge fell 0.47 per cent after the pipeline operator said it would form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline.

U.S. stocks were mixed as investors tried to resume the rally that took equities to record highs after uninspired performances in the previous two sessions.

TSX21,912.52-29.76
TSXV548.47+1.57
CSE196.20+5.31
DJIA39,282.33−31.31
NASDAQ16,315.70-68.77
S&P 5005,203.58-14.61

The Canadian dollar traded for 73.64 cents compared with 73.60 cents U.S. on Monday.

U.S. crude futures traded $0.46 lower at $81.49 a barrel, and the Brent contract lost $0.70 to $86.05 a barrel.

The price of gold was up US$3.92 to US$2,176.91.

In world markets, the Nikkei was down 16.09 points to 40,398.03, the Hang Seng was up 144.68 points to 16,618.32, the FTSE was up 13.39 points to 7,930.96, and the DAX was up 137.92 points to 18,399.23.


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