It was a bumpy day for Canada’s main stock index, but strength in the technology, energy and base metal sectors helped lead the TSX to a flat close in the green on Tuesday. Canadian stocks have experienced a solid recovery from their lows in October as investors hope major central banks may ease their aggressive rate-hike stances.
Riding a sign that inflation may have peaked, US stock markets also climbed higher after a report showed inflation slowed in November. Softer-than-expected inflation raised hopes the Federal Reserve could shift to smaller rate hikes.
Today in the Markets
The Canadian dollar traded for 73.77 cents US, compared to 73.36 cents US on Monday.
US crude futures traded $2.35 higher at $75.52 a barrel, while the Brent contract gained $2.75 to $80.74 a barrel.
The price of gold was up US$29.85 to US$1,812.00.
In world markets, the Nikkei was up 112.52 points to 27,954.85, the Hang Seng was up 132.57 points to 19,596.20, the FTSE was up 56.92 points to 7,502.89, and the DAX was up 191.26 points to 14,497.89.
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