The Canadian main stock index showed signs of recovery on Wednesday, aiming to regain some of the losses experienced in the previous session. This rebound was fueled by gains in the tech, industrial, and mining sectors on the TSX, which helped offset declines in the energy and utilities sectors.
In the U.S., indices closed higher as investors analyzed the minutes from the Federal Reserve’s recent policy meeting, indicating a potential interest rate cut starting in September.
The Canadian dollar was trading at 73.52 cents U.S., a slight increase from the previous day. U.S. crude futures dropped $1.36 to $71.81 a barrel, while the Brent crude contract declined by $1.23 to $75.97 a barrel. The price of gold also decreased by $2.01 to $2,511.29.
Global markets saw mixed results, with the Nikkei down 111.12 points, the Hang Seng down 120.07 points, the FTSE up 10.11 points, and the DAX up 91.43 points.
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