Canada’s main stock index scored a near 200-point advance in Tuesday trading thanks to strength in the technology and base metal sectors. Utilities was the lone decliner.
US stock markets also climbed higher to cap off a strong start to the first month of the year as the corporate earnings season rolls on. Traders are scanning for comments on how some of the biggest firms are faring under high inflation and concerns over a slowdown in consumer spending.
Today in the Markets
The Canadian dollar traded for 75.17 cents US, compared to 74.73 cents US on Monday.
US crude futures traded $1.17 higher at $79.05 a barrel, but the Brent contract lost $0.40 to $84.49 a barrel.
The price of gold was up US 5.86 to US$1,927.87.
In world markets, the Nikkei was down 106.29 points to 27,327.11, the Hang Seng was down 227.40 points to 21,842.33, the FTSE was down 13.17 points to 7,771.70, but the DAX was up 2.19 points to 15,128.27.
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