Under modest pressure, Canada’s main stock index moved lower on Wednesday due to weakness in energy and mining. The financial sector also took a hit on the TSX despite strong bank earnings. Canada’s largest banks face tougher challenges as consumers struggle to repay debts and a subdued housing market weighs on their core domestic business.
US technology stocks were an early boost for the NASDAQ and S&P, but the rally stalled after investors rotated out of tech and kept a close eye on developments in the Middle East. US President Donald Trump said he won’t be rushed into a deal with Iran.
| TSX | 34,412.05 | -241.82 |  |
| TSXV | 986.90 | -14.78 | |
| CSE | 177.77 | +2.06 |  |
| DJIA | 50,644.28 | +182.60 | |
| NASDAQ | 26,674.73 | +18.55 | |
| S&P 500 | 7,520.36 | +1.24 | |
The Canadian dollar traded for 72.29 cents US compared to 72.40 cents US on Tuesday.
US crude futures traded US$4.35 lower at US$89.94 a barrel, and the Brent contract lost US$4.48 to US$95.10 a barrel.
The price of gold was down US$47.50 to US$4,543.67.
In world markets, the Nikkei was up 3.32 points to ¥64,999.41, the Hang Seng was down 271.22 points to HK$25,328.23, the FTSE was up 13.62 points to ₤10,505.01, and the DAX was down 7.09 points to €25,177.80.