Canada’s main stock index faced a downturn in late-morning trading, primarily due to losses in the base metal stocks. On the other hand, U.S. stock markets witnessed a mix of positive and negative movements.
The S&P/TSX composite index dropped 10.12 points, settling at 21,189.94. Meanwhile, in New York, the Dow Jones industrial average saw a slight increase of 12.25 points, reaching 38,345.70. However, the S&P 500 index experienced a decline of 2.09 points, totaling 4,925.84. Similarly, the Nasdaq composite observed a considerable drop of 56.98 points, closing at 15,571.06.
In terms of currency exchange, the Canadian dollar traded for 74.46 cents US, slightly higher than the 74.39 cents recorded on Monday.
Looking at commodity markets, the March crude oil contract exhibited an upward trend, rising by 88 cents to reach US$77.66 per barrel. Similarly, the March natural gas contract saw a modest increase of three cents, amounting to…
