Canada’s main stock index kept flat on Tuesday, with worries about inflation stemming from the war in the Middle East dampening investor sentiment. Gains in energy and mining stocks helped offset some of the downward pressure.
Oil prices jumped after new Iranian attacks on the United Arab Emirates renewed concerns over supply, especially as disruptions continued in the vital Strait of Hormuz. The spike came a day after US allies rejected President Donald Trump’s call for them to send naval forces to help secure the waterway, which handles about one-fifth of global oil and LNG shipments.
| TSX | 32,929.09 | +52.44 |  |
| TSXV | 1,011.06 | -1.11 |  |
| CSE | 173.22 | +1.68 | |
| DJIA | 46,993.26 | +46.85 | |
| NASDAQ | 22,479.53 | +105.35 | |
| S&P 500 | 6,716.09 | +16.71 | |
The Canadian dollar traded for 73.02 cents US compared to 73.10 cents US on Monday.
US crude futures traded US$2.68 higher at US$96.13 a barrel, and the Brent contract rose US$3.22 to US$103.60 a barrel.
The price of gold was up US$6.85 to US$5,003.47.
In world markets, the Nikkei was down 50.76 points to ¥53,700.39, the Hang Seng was up 34.52 points to HK$25,868.54, the FTSE was up 91.87 points to ₤10,409.56, and the DAX was up 167.09 points to €23,731.10.
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