Canada’s main stock index fell for a second session on Wednesday, as investors watched the ongoing US–Iran negotiations, with a cautious tone dominating in the face of persistent disagreements over key aspects of a potential agreement.
On Tuesday, US President Donald Trump claimed that Iran had agreed to allow nuclear inspections indefinitely, but Iranian officials denied making such a commitment, casting doubt on the stability of the already fragile arrangement between the two nations.
Meanwhile, US equities were in recovery mode, with technology shares recovering in premarket trading as investors awaited the release of Micron Technology’s (NASDAQ:MU) earnings report after market close.
| TSX | 34,736.09 | -191.29 | |
| TSXV | 897.95 | -24.71 | |
| CSE | 160.25 | −0.36 | |
| DJIA | 51,848.90 | +182.06 | |
| NASDAQ | 25,476.64 | -110.40 | |
| S&P 500 | 7,358.22 | -7.24 | |
The Canadian dollar traded for 70.26 cents US compared to 70.37 cents US on Tuesday.
US crude futures traded US$3.40 lower at US$69.81 a barrel, and the Brent contract lost US$4.00 to US$73.08 a barrel.
The price of gold was down US$131.00 to US$4,000.68.
In world markets, the Nikkei was down 613.41 points to ¥69,174.97, the Hang Seng was up 75.90 points to HK$23,412.18, the FTSE was up 32.78 points to ₤10,461.63, and the DAX was down 153.22 points to €24,740.36.