Canada's main stock index was subdued on Tuesday, with investor risk appetite on pause ahead of highly anticipated central bank decisions from the U.S. Federal Reserve and the Bank of Canada.
The TSX reclaimed 148.43 points to begin trading Tuesday at 31,318.40.
The Canadian dollar slumped 0.11 at 72.32 cents U.S.
The index has jumped about 26% so far in 2025, on pace to outperform the major U.S. indexes, fueled by strong rallies in commodity and financial shares, with support from an easing interest rate environment.
The Canadian dollar eked up 0.11 cents to 72.32 cents U.S.
In corporate news, Brookfield Corporation announced the pricing of $1 billion of medium-term notes, while Colliers International announced it had acquired 100% ownership of its business in India.
Brookfield shares gained 69 cents, or 1.1%, to $65.01.
ON BAYSTREET
The TSX Venture Exchanged regrouped 5.38 points to 930.39.
All but one of the 12 TSX subgroups were higher, led by gold, shinier 1.6%, materials, up 1%, and utilities, growing 0.7%.
The lone laggard was health-care, ailing 0.6%.
ON WALLSTREET
Stocks were little changed on Tuesday as Wall Street looks ahead to this week’s interest rate decision from the Federal Reserve.
The Dow Jones Industrials revived 146.17 points to kick off Tuesday at 47,885.49.
The much-broader index recovered 13.86 points to 6,860.37.
The tech-heavy NASDAQ edged ahead 0.12 points to 23,546.02.
Traders are waiting for the Fed’s highly awaited interest rate decision on Wednesday, which will be the last of the year.
Markets are betting that the central bank will lower its key overnight lending rate by another quarter percentage point as it did at its meetings in September and October.
Fed funds futures suggest an 89% chance of a decrease, up from under 67% about a month ago.
Prices for the 10-year Treasury were stationery, keeping yields at Monday’s 4.17%.
Oil prices slumped 33 cents to $58.55.
Gold prices recovered $11.40 to $4,229.10.
