Led by losses among industrials and mining stocks, Canada’s main stock index slid lower on Wednesday. Fears of the escalated conflict in the Middle East weighed on global investor sentiment, while the market awaited domestic housing starts data. The energy market was the lone gaining sector.
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U.S. markets also dropped as earnings season gained steam and Wall Street looked ahead to key financial reports. Treasury yields also climbed to multiyear highs, putting pressure on equities.
| TSX | 19,450.70 | -242.10 |  |
| TSXV | 525.84 | -12.09 | |
| CSE | 168.29 | -8.87 | |
| DJIA | 33,665.08 | -332.57 | |
| NASDAQ | 13,314.30 | -219.44 | |
| S&P 500 | 4,314.60 | -58.60 | |
The Canadian dollar traded for 72.94 cents U.S., compared to 73.29 cents U.S. on Tuesday.
U.S. crude futures traded $1.51 higher at $88.17 a barrel, and the Brent contract added $1.45 to $91.35 a barrel.
The price of gold was up US$24.67 to US$1,949.33.
In world markets, the Nikkei was up 1.96 point to 32,042.25, the Hang Seng was down 40.82 points to 17,732.52, the FTSE was down 86.55 points to 7,588.66, and the DAX was down 156.78 points to 15,094.91.
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