A fall in oil prices dragged energy shares and mining stocks also tumbled, leaving Canada’s main stock index to stagger over the finish line on Wednesday. Industrials and tech provided some gains. Traders are still worried about interest rates staying higher for longer.
After logging their worst day in 2023, US stock markets were split as traders assessed the minutes from the most recent US Federal Reserve meeting for clues on the likelihood for larger rate hikes and whether they could raise rates higher than previously thought to curb inflation.
Today in the Markets
The Canadian dollar traded for 73.77 cents US, compared to 73.87 cents US on Tuesday.
US crude futures traded $2.42 lower at $73.94 a barrel, and the Brent contract lost $2.50 to $80.55 a barrel.
The price of gold was down 9.56 to US$1,826.31.
In world markets, the Nikkei was down 368.78 points to 27,104.32, the Hang Seng was down 105.65 points to 20,423.84, the FTSE was down 54.89 points to 7,922.86, but the DAX was up 2.27 points to 15,399.89.
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