Canada’s main stock index rose only slightly on Tuesday, weighed down by renewed concerns over a potential trade war following new tariff threats from US President Donald Trump. Meanwhile, investors turned their attention to the upcoming Federal Reserve meeting on monetary policy.
The Fed began its two-day meeting with a decision on interest rates expected on Wednesday. While the central bank is anticipated to maintain current rates, market participants will be closely watching for any signals that could suggest a shift toward monetary easing later this year.
The Canadian dollar traded for 72.63 cents US compared to 72.48 cents US on Monday.
US crude futures traded US$1.84 higher at US$58.97 a barrel, and the Brent contract rose US$1.81 to US$62.04 a barrel.
The price of gold was up US$84.80 to US$3,418.20.
In world markets, the Nikkei remained at ¥36,830.69, the Hang Seng was up 158.03 points to HK$22,662.71, the FTSE was up 1.07 point to ₤8,597.42, and the DAX was down 94.89 points to €23,249.65.
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