AI generated stock image
(Stock image generated with AI.)

The TSX hit a record high on Tuesday, led by tech gains in tech. The materials sector led the losers as gold and copper prices fell to a two-month low in the face of a weaker dollar. The energy market also dropped as oil prices moved lower while traders await an incoming report from OPEC.

The post-election rally that brought the major American indices to all-time highs took a wide step back as Wall Street stocks logged steep declines.

TSX24,923.01+133.73TSX
TSXV597.70-3.69TSXV
CSE141.66+9.32CSE
DJIA43,910.98-382.15DJIA
NASDAQ19,281.40-17.36NASDAQ
S&P 5005,986.68-14.67S&P 500

The Canadian dollar traded for 71.72 cents US compared to 71.79 cents US on Monday.

US crude futures traded $0.03 lower at US$68.01 a barrel, and the Brent contract lost $0.03 to US$71.80 a barrel.

The price of gold was down US$10.61 to US$2,600.63.

In world markets, the Nikkei was down 157.23 points to 39,376.09, the Hang Seng was down 580.05 points to 19,846.88, the FTSE was down 104.12 points to 8,021.07, and the DAX was down 401.04 points to 19,047.56.


The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image generated with AI)


More From The Market Online

Dundee Corp. tops up position in Bulgold

Dundee Corporation (TSX:DC.A) acquires 1,454,553 common shares of Bulgold (TSXV:ZLTO), a European junior gold miner.

The world’s first quantum computing Super Hub opens in Alberta

SuperQ (CSE:QBTQ) opens the world’s first quantum computing Super Hub at the Tecconnect Innovation Centre in Lethbridge, Alberta.

Transatlantic Mining samples bonanza-grade copper in Idaho

Transatlantic Mining (TSXV:TCO) samples bonanza-grade copper on its Monitor copper-gold project located 8 kilometres south of Taft, Idaho.

3 junior gold stocks in Canada worth major miner recognition

Read about 3 junior stocks in Canada with high-conviction cases as major miner acquisitions to capitalize on the soaring price of gold.