Canada’s main stock moved lower as oil and gold prices dropped. While telecom and industrial shares led the decline on the TSX, healthcare and tech provided some gains.
The Dow Jones Industrial Average is in its longest losing streak since 2018. The US Federal Reserve’s monetary policy meeting kicked off on Tuesday and wraps up on Wednesday.
The Canadian dollar traded for 69.87 cents US compared to 70.17 cents US on Monday.
US crude futures traded $0.53 lower at US$70.18 a barrel, and the Brent contract lost $0.64 to US$73.27 a barrel.
The price of gold was down US$8.50 to US$2,644.30.
In world markets, the Nikkei was down 92.81 points to 39,364.68, the Hang Seng was down 95.01 points to 19,700.48, the FTSE was down 66.85 points to 8,195.20, and the DAX was down 67.44 points to 20,246.37.
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(Top image generated with AI.)