Toronto Stock Exchange building
(File photo)

Canada’s main stock index sunk lower on Tuesday, weighed down by the energy sector leading a broad decline. Traders have been holding off on any major moves amid broader uncertainty around a US debt deal.

Sponsored by
Protecting Those Who Protect Us

Back from the Memorial Day holiday, US markets were mixed and the S&P 500 dipped after the Biden administration and Republican lawmakers reached a tentative deal on raising the debt ceiling. President Biden and House Majority Leader McCarthy reached an agreement to avoid a default over the weekend and Congress set to vote on the legislation as soon as Wednesday.

S&P 5004,203.65-1.80S&P 500

The Canadian dollar traded for 73.51 cents US, compared to 73.56 cents US on Monday.

US crude futures traded $2.98 lower at $69.69 a barrel, and the Brent contract lost $3.24 to $73.83 a barrel.

The price of gold was up US$16.75 to US$ 1,958.52.

In world markets, the Nikkei was up 94.62 points to 31,328.16, the Hang Seng was up 44.67 points to 18,595.78, the FTSE was down 110.43 points to 7,516.77, and the DAX was down 43.82 points to 15,908.91.

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

More From The Market Online
Oil derricks in a field paired with superimposed stock charts.

10 best-performing Canadian oil stocks

Our low-carbon future masks the decades of fossil fuel reliance still to come, making oil stocks an attractive area for upside surprises.
A screenshot of Donald Trump's Truth Social page.

Trump Media stock surges after assassination attempt

Trump Media & Technology Group (NASDAQ:DJT) stock surged after the attempted assassination of former U.S. President Donald Trump.
Rolls of Cleveland-Cliffs steel

Steel of a deal: Cleveland-Cliffs to acquire Stelco for $3.4B

Cleveland-Cliffs (NYSE:CLF) signs a deal to acquire Canadian steelmaker Stelco Holdings (TSX:STLC) for C$3.4 billion.
Fintech Select

Who is cashing in on fintech’s untapped potential?

Fintech Select's presence in the fintech sector offers everything from innovative pre-paid card programs to an online payment platform.