On the final trading day of May, Canada’s main stock index closed even lower on Wednesday as crude oil prices fell, while traders remained cautious of making big moves ahead of economic growth data from March. The utilities sector was the lone provider of gains.
US stock futures were muted as investors kept an eye on the federal debt ceiling debate in Washington. The deal passed a major test, advancing to the House floor following a vote in the House Rules Committee.
The Canadian dollar traded for 73.64 cents US, compared to 73.51 cents US on Tuesday.
US crude futures traded $1.47 lower at $67.99 a barrel, and the Brent contract lost $0.88 to $72.66 a barrel.
The price of gold was up US$5.41 to US$ 1,964.12.
In world markets, the Nikkei was down 440.28 points to 30,887.88, the Hang Seng was down 361.51 points to 18,234.27, the FTSE was down 75.93 points to 7,446.14, and the DAX was down 244.89 points to 15,664.02.
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