After a long weekend, Canada’s main stock index rose on Tuesday, as oil and gold prices moved higher. Investors digested domestic June factory activity data for more clues on the health of the economy and the Bank of Canada’s position on more monetary policy tightening. The tech and industrial sectors moved lower on the TSX.
It was a light trading session in the absence of US markets on this 4th of July.
Today in the Markets
The Canadian dollar traded for 75.61 cents US, compared to 75.60 cents US on Friday.
US crude futures traded $1.21 higher at $71.00 a barrel, and the Brent contract added $1.60 to $76.25 a barrel.
The price of gold was up US$4.55 to US$1,925.92.
In world markets, the Nikkei was down 330.81 points to 33,422.52, the Hang Seng was up 109.09 points to 19,415.68, the FTSE was down 7.54 points to 7,519.72, and the DAX was down 41.87 points to 16,039.17.
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