It was a struggle early on, but Canada’s main stock index managed to close on the higher side of flat in Tuesday trading. Losses in the financial, industrial, and utility sectors nagged on the TSX, but they were outweighed by gains in mining, energy, and health care.
Investors thumbed through data showing US inflation was still high but slowing. The January consumer price index report indicated that inflation grew at a 6.4 per cent annual rate, slightly higher than expected. The consumer price index rose by 0.5 per cent for the month. US stock markets tried to overcome earlier losses to an overall mixed close.
Today in the Markets
The Canadian dollar traded for 74.97 cents US, compared to 74.97 cents US on Monday.
US crude futures traded $0.98 lower at $79.16 a barrel, while the Brent contract lost $0.95 to $85.66 a barrel.
The price of gold was up 0.58 to US$1,855.19.
In world markets, the Nikkei was up 175.45 points to 27,602.77, the Hang Seng was down 50.66 points to 21,113.76, the FTSE was up 6.25 points to 7,953.85, and the DAX was down 16.78 points to 15,380.56.
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