Canada’s main stock index fell lower on Wednesday. Thanks to upbeat domestic lender earnings, the financial sector was the lone gainer in an otherwise broad decline. Losses on the TSX were led by the mining sector, followed by the tech and energy markets.
U.S. investors remained on the sidelines while they await NVIDIA Corp.’s (NDAQ:NVDA) quarterly earnings after the close to gauge the health of the AI and tech trade.
The Canadian dollar traded for 74.21 cents U.S. compared with 74.35 cents U.S. on Tuesday.
U.S. crude futures traded $0.78 lower at $74.75 a barrel, and the Brent contract lost $0.73 to $78.82 a barrel.
The price of gold was down US$18.02 to US$2,507.64.
In world markets, the Nikkei was up 83.14 points to 38,371.76, the Hang Seng was down 182.22 points to 17,692.45, the FTSE was down 1.61 point at 8,343.85, and the DAX was up 100.48 points to 18,782.29.
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(Top image generated with AI)