Gains in the base metal, financial, and telecommunication sectors helped lift Canada’s main stock index higher on Tuesday. Health care declined, along with energy, which fell for a second session.
Strong earnings from retailers helped drive some gains on Wall Street. The S&P has recovered 17 per cent since mid-June after tumbling more than 20 per cent during the first half of the year now that prices may be stabilizing, following worries that aggressive U.S. Federal Reserve rate hikes aimed at taming inflation may cause a recession.
Today in the Markets
| TSX | 20,269.97 | +89.37 |  |
| TSXV | 669.57 | -8.93 |  |
| CSE | 288.89 | +1.42 | |
| DJIA | 34,151.88 | +239.44 | |
| NASDAQ | 13,102.55 | -25.50 | |
| S&P 500 | 4,305.20 | +8.08 | |
The Canadian dollar traded for 77.83 cents US compared to 77.46 cents US on Monday.
US crude futures traded 3.39 per cent lower at $86.38 a barrel, while the Brent contract lost 3.20 per cent to $92.06 a barrel.
The price of gold was down US$1.49 to US$1,777.05.
In world markets, the Nikkei was down 2.87 points to 28,868.91, the Hang Seng was down 210.34 points to 19,830.52, the FTSE was up 27.35 points to 7,660.04, and the DAX was up 93.51 points to 13,910.12.
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