Canada’s main stock index rose to its highest in more than a week on Tuesday, led by tech and financial stocks. A drop among telecom shares kept gains on the TSX in check after soft U.S. inflation data kept hopes for a September rate cut by the Federal Reserve afloat.
U.S. stocks also rallied, rising back closer to the record levels seen last before the recent global selloff.
The Canadian dollar traded for 72.94 cents U.S. compared with 72.78 cents U.S. on Monday.
U.S. crude futures traded $1.59 lower at $78.47 a barrel, and the Brent contract lost $1.50 to $80.80 a barrel.
The price of gold was down US$9.11 to US$2,466.59.
In world markets, the Nikkei was up 1,207.51 points to 36,232.51, the Hang Seng was up 62.41 points to 17,174.06, the FTSE was up 24.98 points to 8,235.23, and the DAX was up 85.58 points to 17,812.05.
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(Top image generated with AI)