A broad decline sunk Canada’s main stock index on Tuesday. The heavyweight financial sector led the losers, followed by the energy and base metal sectors.
It was a down day on Wall Street as well with traders positioned for new economic projections and another large interest rate hike by the Federal Reserve this week to stifle decades-high inflation.
Today in the Markets
The Canadian dollar traded for 74.84 cents US compared to 75.43 cents US on Monday.
US crude futures traded 1.80 per cent lower at $84.19 a barrel, while the Brent contract lost 1.34 per cent to $90.77 a barrel.
The price of gold was down US9.71 to US$1,665.62.
In world markets, the Nikkei was up 120.77 points to 27,688.42, the Hang Seng was up 215.45 points to 18,781.42, the FTSE was down 44.02 points to 7,192.66, and the DAX was down 132.41 points to 12,670.83.
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