Canada’s main stock index slipped on Tuesday as oil prices declined due to reduced supply concerns, while gold also weakened thanks to expectations that the US Federal Reserve may raise interest rates.
Meanwhile, US equities also fell, driven by a continued selloff in technology stocks that started the previous session. The downturn spread globally, with Asian markets also hit hard as shares tied to memory chip companies declined.
| TSX | 34,927.38 | -74.80 |  |
| TSXV | 922.66 | -25.88 | |
| CSE | 160.61 | -7.51 | |
| DJIA | 51,666.84 | -45.87 | |
| NASDAQ | 25,587.04 | -579.56 | |
| S&P 500 | 7,365.46 | -107.33 | |
The Canadian dollar traded for 70.37 cents US compared to 70.61 cents US on Monday.
US crude futures traded $0.51 lower at US$73.35 a barrel, and the Brent contract lost $0.77 to US$77.13 a barrel.
The price of gold was down US$75.88 to US$4,108.47.
In world markets, the Nikkei was down 2,565.58 points to ¥69,788.38, the Hang Seng was down 432.24 points to HK$23,336.28, the FTSE was down 9.00 points to ₤10,428.85, and the DAX was down 246.11 points to €24,893.58.
