Futures for Canada’s largest market moved back up on Tuesday as data showed the inflation rate fell more than expected in June. The TSX was driven higher by gains in financial and energy stocks.
South of the border, U.S. earnings season started strong. According to analysts, of the S&P 500-listed companies that have reported, 84 per cent exceeded profit estimates.
Today in the Markets
The Canadian dollar traded for 75.93 cents U.S., compared to 75.83 cents U.S. on Monday.
US crude futures traded $1.57 higher at $75.72 a barrel, and the Brent contract added $1.20 to $79.70 a barrel.
The price of gold was up US$23.78 to US$1,978.90.
In world markets, the Nikkei was up 102.63 points to 32,493.89, the Hang Seng was down 398.06 points to 19,015.72, the FTSE was up 47.27 points to 7,453.69, and the DAX was up 56.84 points to 16,125.49.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.