Futures for Canada’s main stock index slipped on Wednesday despite gains in bullion prices. Markets started out mostly split but ended in a broad decline.
In its move to further monetary tightening, the US Federal Reserve delivered a quarter of a percentage-point rate hike. Higher rates can undercut inflation by slowing the economy, but they raise the risk of a recession later.
Today in the Markets
The Canadian dollar traded for 72.86 cents US, compared to 72.89 cents US on Tuesday.
US crude futures traded $0.38 higher at $70.05 a barrel, and the Brent contract gained $0.58 to $75.90 a barrel.
The price of gold was up 30.24 to US$1,973.96.
In world markets, the Nikkei was up 520.94 points to 27,466.61, the Hang Seng was up 332.67 points to 19,591.43, the FTSE was up 30.62 points to 7,566.84, and the DAX was up 20.85 points to 15,216.19.
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