Equities in Canada’s main stock index fell lower on Tuesday as crude and gold prices fell on chances for further interest rates hikes, while caution lingers as the week ahead looks paved with earnings reports. Utilities was the only gainer.
US stock futures also slipped as investors looked through the latest quarterly figures from several major companies. Amazon and Microsoft were set to report after market close, the first of multiple big tech names scheduled for this week.
The Canadian dollar traded for 73.35 cents US, compared to 73.86 cents US on Monday.
US crude futures traded $1.66 lower at $77.10 a barrel, and the Brent contract lost $2.02 to $80.71 a barrel.
The price of gold was up US$1.39 to US$ 1,996.81.
In world markets, the Nikkei was up 26.55 points to 28,620.07, the Hang Seng was down 342.06 points to 19,617.88, the FTSE was down 18.80 points to 7,893.40, and the DAX was up 8.18 points to 15,872.13.
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