TORONTO — Canada’s largest stock index ticked higher Tuesday even as investors digested a new inflation report that experts say will be unlikely to dissuade the Bank of Canada from raising interest rates significantly in September.
The S&P/TSX composite index was up 89.37 points at 20,269.97.
In New York, the Dow Jones industrial average was up 239.57 points at 34,152.01. The S&P 500 index was up 8.06 points at 4,305.20, while the Nasdaq composite was down 25.50 points at 13,102.55.
The Canadian dollar traded for 77.72 cents US compared with 77.47 cents US on Monday.
The September crude contract was down US$2.88 at US$86.53 per barrel and the September natural gas contract was up 60 cents at US$9.33 per mmBTU.
The December gold contract was down US$8.40 at US$1,789.70 an ounce and the September copper contract was up a penny at US$3.62 a pound.
This report by The Canadian Press was first published Aug. 16, 2022.
Companies in this story: (TSX:GSPTSE, TSX_CADUSD=X)
