Canada’s main stock index tried to bounce back on Wednesday and recoup some losses from the previous downer of a session. Gains driven by the tech, industrial and mining sectors on the TSX helped offset declines sustained by the energy and utilities sectors.
U.S. indices ended higher as traders took stock of the minutes from the Federal Reserve’s latest policy meeting, which found that the central bank could start cutting interest rates in September.
The Canadian dollar traded for 73.52 cents U.S. compared with 73.41 cents U.S. on Tuesday.
U.S. crude futures traded $1.36 lower at $71.81 a barrel, and the Brent contract lost $1.23 to $75.97 a barrel.
The price of gold was down US$2.01 to US$2,511.29.
In world markets, the Nikkei was down 111.12 points to 37,951.80, the Hang Seng was down 120.07 points to 17,391.01, the FTSE was up 10.11 points to 8,283.43, and the DAX was up 91.43 points to 18,448.95.
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(Top image generated with AI)