Canada’s S&P/TSX Composite index inched lower on Tuesday, underperforming US equities due to muted movements for heavyweight commodity producers as markets assessed the prospective for an agreement between Iran and the US. US officials expressed a degree of optimism that talks are due to continue this week despite President Trump’s call for no extension to the current ceasefire. Gold producers inched lower after bullion prices retreated, dented by evidence of more room for the US Fed to hold rates following strong labor data by the ADP and retail sales in the US. In the meantime, banks and oil companies were mixed. Finally, Shopify jumped 1% to track the positive momentum for North American companies with exposure to the US.
Today Markets
