AUS
NZ
UK
CA
USA
IND
.png)
_11_13_2025_18_02_02_174695.jpg)
Canada's main stock market settled close to an all-time high on Tuesday, August 24, as it continued to recover from last week's bleak performance.
A rebound in oil prices aided the energy sector to jump 1.79%, while base metals and technology sectors gained 1.69% and 1.19%, respectively.
However, despite Bank of Nova Scotia and Bank of Montreal’s robust Q3 quarterly results, the financials sector witnessed a decline of 0.07%.
Overall, the S&P/TSX composite index gained 70.50 points or 0.34% and settled at 20,547.76 on Tuesday.
1-Year Price Chart. Analysis by Kalkine Group
Gainers and Losers
Actively Traded Stocks
Kinross Gold Corporation was the most actively traded stock, with a trading volume of 6.85 million, followed by Inter Pipeline Ltd, with 6.81 million and Bombardier Inc, with 5.99 million.
Wal Street Update
Despite being a little slow at certain points, US stocks remained bullish throughout the day on Tuesday, fueled by optimism about growth and anticipation that the Federal Reserve will start reducing its bond-buying program shortly.
The Dow rose 30.55 points, or 0.09% to 35,366.26. The S&P 500 rose 6.70 points or 0.15% to 4,486.23 and the Nasdaq rose 77.15 points or 0.52% to 15,019.80, both recorded new closing highs.
Commodity Update
Gold traded at US$ 1,808.50/oz up by 0.12%.
Oil continued its rally as Brent oil traded higher at US$ 71.05/bbl up 3.35%, while Crude oil rose by 2.89% to US$ 67.54/bbl.
Currency News
The Canadian Dollar stood strong against the US Dollar on Tuesday, while USD/CAD closed at 1.2589, down 0.44%.
The US Dollar index was down for the third trading session against the basket of major currencies and ended at 92.91, down 0.05%.
Money Market Update
The US 10-year bond yield rebounded on Tuesday and closed in green at 1.297%, up 3.48%.
The Canada 10-year yield also held strong and climbed 1.97% to 1.190%.
