Canada’s main stock index dropped on Tuesday, though investor anxiety eased following the United States’ decision to halt a planned strike after Tehran offered a peace proposal—raising optimism that an agreement may be near. Statistics Canada reported that the inflation rate surged to 2.8 per cent in April, mostly due to the 28.6 per cent increase in gasoline prices because of the US war in Iran. Even so, the energy sector was the biggest gainer for the TSX while mining saw the biggest drop.
In the US, markets were also in the red as rising bond yields threatened the ongoing bull run by squeezing consumers and weighing on technology stocks. Traders also monitored oil prices after President Donald Trump called off planned military action against Iran, alongside continued pressure on semiconductor shares.
| TSX | 33,741.24 | -92.11 |  |
| TSXV | 957.25 | -31.58 | |
| CSE | 169.99 | -2.85 | |
| DJIA | 49,363.88 | -322.24 | |
| NASDAQ | 25,870.71 | -220.02 | |
| S&P 500 | 7,353.61 | -49.44 | |
The Canadian dollar traded for 72.72 cents US compared to 72.69 cents US on Friday.
US crude futures traded $0.07 lower at US$108.60 a barrel, and the Brent contract lost US$1.13 to US$111.00 a barrel.
The price of gold was down US$70.05 to US$4,483.76.
In world markets, the Nikkei was down 265.36 points to ¥60,550.59, the Hang Seng was up 122.67 points to HK$25,797.85, the FTSE was up 3.87 points to ₤10,327.62, and the DAX was up 92.73 points to €24,400.65.