Canada’s main stock index lost some ground made up in the previous session as losses among the sectors weighed on the market. Health care, telecom, and energy shares provided some gains for the TSX.
The attention now rests on the US Federal Reserve’s upcoming interest rate decision on Wednesday. While traders anticipate that the Fed will maintain current rates, they are keenly awaiting comments from policymakers regarding the central bank’s policy outlook, especially given worries that the trade war could negatively impact economic growth.
US markets have continued their downward trend, grappling with a four-week slump on Wall Street. This decline has been intensified by President Donald Trump’s erratic implementation of tariff policies and a drop in consumer confidence.
The Canadian dollar traded for 69.90 cents US compared to 70.00 cents US on Monday.
US crude futures traded $0.73 lower at US$66.85 a barrel, and the Brent contract lost $0.55 to US$70.52 a barrel.
The price of gold was up US$36.42 to US$3,034.10.
In world markets, the Nikkei was up 448.90 points to ¥37,845.42, the Hang Seng was up 595.00 points to HK$24,740.57, the FTSE was up 24.94 points to ₤8,705.23, and the DAX was up 226.13 points to €23,380.70.
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(Top image generated with AI.)