It was a challenging day for Canada’s main stock index on Tuesday and investors kept cautious as they brace for US inflation data later this week to figure out where the Federal Reserve stands. The TSX found some support from finance, energy, and mining stock gains, with investors evaluating US producer price data to determine the Fed’s interest rate trajectory for the year.
The first of two inflation reports due this week, the producer price index, showed a lower-than-expected increase. This index, which tracks wholesale inflation, rose by just 0.2 per cent last month, according to the Bureau of Labor Statistics, below the 0.4 per cent forecast.
| TSX | 24,588.58 | +52.26 |  |
| TSXV | 603.53 | +2.76 | |
| CSE | 130.46 | -1.12 |  |
| DJIA | 42,518.28 | +221.16 | |
| NASDAQ | 19,044.39 | -43.71 | |
| S&P 500 | 5,835.90 | -0.32 | |
The Canadian dollar traded for 69.64 cents US compared to 69.45 cents US on Monday.
US crude futures traded US$1.02 lower at US$77.80 a barrel, and the Brent contract lost $0.85 to US$80.16 a barrel.
The price of gold was up US$16.61 to US$2,676.12.
In world markets, the Nikkei was down 716.10 points to 38,474.30, the Hang Seng was up 345.64 points to 19,219.78, the FTSE was down 27.17 points to 8,197.02, and the DAX was up 138.48 points to 20,271.33.
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(Top image generated with AI.)