It was a split day for markets across the board, but Canada’s main stock index reached a new monthly high on Tuesday, thanks to gains led by the utilities sector. Industrials was not far behind thanks to a boost from Bombardier after the airplane manufacturer raised its outlook. However, the mining sector ended the day in the red. Data showed that domestic inflation eased in December.
U.S. stock markets were mixed to kick off a holiday-shortened but earnings-heavy week. It was an uneasy trading day, but investors are tracking financial updates from companies to find out if inflation will drain corporate profits.
Today in the Markets
The Canadian dollar traded for 74.64 cents US, compared to 74.54 cents US on Monday.
US crude futures traded $0.19 lower at $79.67 a barrel, but the Brent contract gained $0.86 to $85.32 a barrel.
The price of gold was down US$12.92 to US$1,905.15.
In world markets, the Nikkei was up 316.36 points to 26,138.68, the Hang Seng was down 169.08 points to 21,577.64, the FTSE was down 9.04 points to 7,851.03, and the DAX was up 53.03 points to 15,187.07.
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