A decline in energy and mining stocks tracking lower oil and metal prices pushed the TSX lower on Tuesday. Canada’s energy sector could come under more pressure due to a decline in oil prices as markets still await an Israeli response to the Iranian rocket attacks that had triggered a rally in crude last week. The industrials sector was the top gainer with tech a close second.
On Wall Street, the Nasdaq and S&P 500 rebounded following a losing session. U.S. markets have been volatile this month given the escalating conflict in the Middle East. The S&P is up by a little more than 1.3 per cent in October following a 2 per cent gain in September. Traders are also weighing the impact that Hurricane Milton will have on the freight and insurance industries, among others.
The Canadian dollar traded for 73.25 cents U.S. compared to 73.36 cents U.S. on Monday.
U.S….
