In a positive turn of events, the Canadian stock index has recovered from Monday’s downturn, thanks to the strength displayed in base metal and energy stocks. The S&P/TSX composite index rose by 81.90 points to reach 20,953.79, reclaiming ground lost during the previous trading session.
Meanwhile, in the United States, stock markets displayed mixed performance. The Dow Jones industrial average experienced a boost of 87.51 points, reaching 38,467.63. The S&P 500 index also witnessed a modest increase of 3.06 points, totaling at 4,945.87. However, the Nasdaq composite faced a slight dip of 16.29 points to reach 15,581.39.
Interestingly, the Canadian dollar experienced a slight increase as well, trading at 74.02 cents US, compared to Monday’s rate of 73.93 cents.
The rise in the March crude oil contract also contributed to the overall positive sentiment of the market. The contract registered a gain of 30 cents, reaching US$73.08 per…
