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Canada’s main stock index closed lower on Tuesday following two days of slumps. The broad decline across indices was led by the heavyweight sector, with metals and mining not far behind.

US futures also moved into the red as investors worry that high interest rates aren’t going away any time soon as the Federal Reserve fights inflation.

Today in the Markets

TSX 19,512.90 -323.22 TSX
TSXV 635.33 -8.00 TSXV
CSE 306.74 -6.81 TSXV
DJIA 31,790.28 -308.71 DJIA
NASDAQ 11,883.14 -134.53 NASDAQ
S&P 500 3,986.15 -44.46 S&P 500

The Canadian dollar traded for 76.34 cents US compared to 76.88 cents US on Monday.

US crude futures traded 5.15 per cent lower at $92.01 a barrel, while the Brent contract lost 5.56 per cent to $99.25 a barrel.

The price of gold was down US$16.15 to US$1,723.62.

In world markets, the Nikkei was up 316.62 points to 28,195.58, the Hang Seng was down 74.19 points to 19,949.03, the FTSE was down 65.68 points to 7,361.63, and the DAX was up 68.15 points to 12,961.14.

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