TORONTO — Strength in base metals and battery metals stocks helped Canada's main stock index eke out a small gain Tuesday, while U.S. stock markets were mixed on the heels of a report on retail sales.
While the U.S. banks recently kicked off the third-quarter earnings season with stronger-than-expected headline numbers, they belied signs of consumers beginning to pull back or falter, especially in lower income brackets, said Chiu. “I think it’s too early to say what the Fed’s next move will be. But the market is anticipating a hold … in the current period.”
The December gold contract was up US$1.40 at US$1,935.70 an ounceand the December copper contract was down less than a penny at US$3.58 a pound.Canada's inflation cools more than expected, easing pressure on the Bank of CanadaHomebuilders aren't feeling as confident as they used to. The October National Association of Home Builders/Wells Fargo Housing Market Index fell to 40, the lowest level since January. Anything below 50 indicates negative sentiment.
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