Canada’s main stock index fell on Wednesday as cautious investors awaited key economic data from the U.S. in the run up to next week’s presidential election. Only the energy and utilities sectors provided any gains for the TSX while the mining market led the way lower.
U.S. markets also sunk, despite solid results from Google owners Alphabet (NDAQ:GOOG), closing nearly 3 per cent higher. Traders are preparing for additional reports from major tech companies and looked ahead to a key reading on the economy’s growth.
The Canadian dollar traded for 71.95 cents U.S. compared with 71.85 cents U.S. on Tuesday.
U.S. crude futures traded $1.73 higher at $68.94 a barrel, and the Brent contract rose $1.78 to $72.90 a barrel.
The price of gold was up US$18.87 to US$2,787.71.
In world markets, the Nikkei was up 373.71 points to 39,277.39, the Hang Seng was down 320.50 points to 20,380.64, the FTSE was down 56.72 points to 8,162.89, and the DAX was down 205.18 points to 19,272.89.
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(Top image generated with AI)