Canada’s main stock index fell on Tuesday as precious metal prices pulled back, and investors took in the latest inflation figures. January’s economic data brought a mixed picture. Housing starts climbed to 238,000 units, up from 280,700 in December. Meanwhile, manufacturing sales rose 0.6 per cent in December after a sharp 1.3 per cent decline the month prior. The consumer price index increased 2.3 per cent year‑over‑year in January, easing from December’s 2.4 per cent rise. On a seasonally adjusted monthly basis, CPI inched up 0.1 per cent.
On Wall Street, markets continued to struggle following another week of losses. Technology stocks—especially already pressured software names—led the downturn. Shares of Meta Platforms moved lower. Memory chip makers such as Micron and SanDisk, which had been standout performers earlier in the year, also declined.
| TSX | 32,896.55 | -177.16 |  |
| TSXV | 966.75 | -25.24 | |
| CSE | 163.59 | +0.35 |  |
| DJIA | 49,533.19 | +32.26 | |
| NASDAQ | 22,578.38 | +31.71 | |
| S&P 500 | 6,843.22 | +7.05 | |
The Canadian dollar traded for 73.34 cents US compared to 73.42 cents US on Friday.
US crude futures traded $0.64 lower at US$62.25 a barrel, and the Brent contract lost US$1.32 to US$67.33 a barrel.
The price of gold was down US$114.69 to US$4,879.75.
In world markets, the Nikkei was down 239.92 points to ¥56,566.49, the Hang Seng was up 138.82 points to HK$26,705.94, the FTSE was up 82.48 points to ₤10,556.17, and the DAX was up 197.49 points to €24,998.40.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
