Canada’s main stock index closed in the green on Tuesday, as traders waited to see if the Bank of Canada would hold or hike the interest rate in its June meeting. Markets were split with gains gathered by the likes of mining, energy, and financial shares, while losses were felt among utilities, health care, and industrial stocks.
US markets closed near flat as investors took stock of a recent rally that led the S&P 500 to its highest point in nine months, feeling that this could be the edge of another bull market. Regulators went after the cryptocurrency market once again by filing charges against another mega player in the industry, Coinbase.
The Canadian dollar traded for 74.60 cents US, compared to 74.43 cents US on Monday.
US crude futures traded $0.68 lower at $71.74 a barrel, and the Brent contract lost $0.71 to $76.00 a barrel.
The price of gold was up US$1.40 to US$ 1,963.04.
In world markets, the Nikkei was up 289.35 points to 32,506.78, the Hang Seng was down 9.22 points to 19,099.28, the FTSE was up 32.00 points to 7,631.99, and the DAX was up 28.55 points to 15,992.44.
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