Markets

Canada Stocks Make It A Hat Trick of Gains, Look Set To Test Resistance Near 2014 High

Canada stocks made it a hat trick of gains Tuesday, gaining more than 50 points to around the 14,735 level and set to test resistance near the 2014 highs at 14,765.

Among sectors, late in the session most were higher, led by Industrials (+0.9%). Losers at that point included Health Care (-0.8%), Utilities (-0.5%) and Metals & Mining (-0.1%).

Of commodities, gold snapped a five day losing streak, albeit by just around 50 cents, closing near US$1,244.50.

Meanwhile, Bloomberg reported Tuesday afternoon that brent crude fell to a three-week low on weaker European economic data and an increase in Libyan production. West Texas Intermediate's discount to Brent narrowed before weekly inventory data, it said.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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