(Stock image generated with AI.)

Canada’s main stock index sunk on Tuesday as investors adopted a more cautious stance, compounded by falling commodity prices that added downward pressure. Health care was the lone gainer on the TSX.

Meanwhile, US markets moved sideways after mixed economic data failed to clarify the outlook for interest rates. A recent report indicated that price pressures are accelerating, with average selling prices for businesses rising at one of the fastest paces since mid-2022.

TSX31,263.93-43.95TSX
TSXV935.57-9.30TSXV
CSE182.11+9.90CSE
DJIA48,114.26-302.30DJIA
NASDAQ23,111.46+54.05NASDAQ
S&P 5006,800.26-16.25S&P 500

The Canadian dollar traded for 72.68 cents US compared to 72.61 cents US on Monday.

US crude futures traded US$1.32 lower at US$55.50 a barrel, and the Brent contract lost US$1.41 to US$59.15 a barrel.

The price of gold was down US$3.63 to US$4,309.52.

In world markets, the Nikkei was down 784.82 points to ¥49,383.29, the Hang Seng was down 393.47 points to HK$25,235.41, the FTSE was down 66.52 points to ₤9,684.79, and the DAX was down 153.04 points to €24,076.87.


Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.



More From The Market Online

Bombardier ushers in-flight Internet to new heights

Bombardier (TSX:BBD.A) aims to enhance your online experience above the clouds with a new connectivity device created with Collins Aerospace.
The Market Online Video

DealRoom Expands Again: ADVFN UK Unlocks New Opportunities for Canadian Investors

DealRoom has expanded into the UK, giving Canadian investors access to private placements and pre-IPO opportunities across Canada, the U.S., Australia, and the UK…

Market Open: Teck-Anglo Deal Wins Approval, Newfoundland Reviews Hydro Pact | Dec 16

TSX falls 0.14%, Nasdaq down 0.33%, gold steady near record, oil dips. Teck-Anglo merger approved as Newfoundland reviews hydro deal.