Traders remain on edge as Canada’s main stock index fell on Tuesday as technology shares led the losers, followed by the industrial, health care, mining, and financial sectors.
A gloomy forecast from Micron Technology dragged chip stocks lower, along with Wall Street’s main indexes.
Eyes are now set on incoming inflation data could feed into the U.S. Federal Reserve’s rate-hike plans. Following strong jobs numbers, investors are betting that the Fed will likely push ahead with a mega rate hike and weigh on a recent recovery in stocks come Wednesday.
Today in the Markets
The Canadian dollar traded for 77.59 cents US compared to 77.33 cents US on Monday.
US crude futures traded 0.007 per cent higher at $90.82 a barrel, while the Brent contract lost 0.05 per cent to $96.60 a barrel.
The price of gold was up US$6.60 to US$1,811.80.
In world markets, the Nikkei was down 249.28 points to 27,999.96, the Hang Seng was down 42.33 points to 20,003.44, the FTSE was up 12.00 points to 7,494.37, and the DAX was down 152.72 points to 13,534.97.
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