Canada’s main stock market, the TSX, closed at a new all‑time high, helped by rising gold prices, even as oil prices fell and energy stocks slipped.
TSX reaches a fresh record
The S&P/TSX Composite index finished at 32,407 points, up about 0.6% from the previous day and higher than Monday’s record close.
Gold and mining stocks lead the rise
Gold prices rose around 1%, pushing metal‑mining shares up 3.1%. The higher gold price made investors view these stocks as a safe haven.
Energy sector loses ground
Oil fell 2% to about $57 a barrel, and the energy group on the TSX dropped 0.7%. The dip came after news that Venezuela might increase oil exports, which could affect Canadian heavy‑oil producers.
Other sectors
- Technology: +2.1%
- Consumer discretionary: +1.6%
What investors should watch
All eyes are on the Bank of Canada’s next moves, as mixed economic data could shape interest‑rate decisions. Keep an eye on oil price trends and any further shifts in gold prices.
Remember, this is just an overview, not a prediction. Do your own research before making any investment decisions.