After closing at a record high in the previous session, Canada’s main index reached another peak during Tuesday’s trading, despite closing in the red. Gold prices retreated from recent highs and investors awaited key US inflation data for signals on future monetary policy. Meanwhile, Canada is working to reduce its reliance on US trade amid policy uncertainties. Prime Minister Mark Carney is scheduled to visit China on Tuesday, marking the first trip by a Canadian leader to the country since 2017.
The December consumer price index report showed headline inflation increased 0.3 per cent, putting the annual rate at 2.7 per cent. Corporate America’s earnings season kicks off. JPMorgan Chase (NYSE:JPM) stock lost nearly 4 per cent after the banking giant posted a better-than-expected Q4 profit. Delta Air Lines (NYSE:DAL) fell 2.4 per cent after reporting mixed results.
| TSX | 32,870.36 | -4.34 |  |
| TSXV | 1,098.05 | +6.68 |  |
| CSE | 184.40 | −3.97 | |
| DJIA | 49,191.99 | -398.21 | |
| NASDAQ | 23,709.87 | -24.03 | |
| S&P 500 | 6,963.74 | -13.53 | |
The Canadian dollar traded for 72.03 cents US compared to 72.07 cents US on Monday.
US crude futures traded US$1.60 higher at US$61.10 a barrel, and the Brent contract rose US$1.56 to US$65.43 a barrel.
The price of gold was down US$14.78 to US$4,590.61. In world markets, the Nikkei was up 1,609.27 points to ¥53,549.16, the Hang Seng was up 239.99 points to HK$26,848.47, the FTSE was down 3.35 points to ₤10,137.35, and the DAX was up 15.32 points to €25,420.66.
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