Canada’s main stock index was largely unchanged Tuesday as weakness in energy was offset by gains in telecom and industrials, while U.S. markets were mixed.
The S&P/TSX composite index was down 2.03 points at 20,629.55.
In New York, the Dow Jones industrial average was up 104.40 points at 33,733.96. The S&P 500 index was down 2.86 points at 4,016.95,while the Nasdaq composite was down 30.14 points at 11,334.27.
Markets are anticipating a pivot in interest rate policies from central banks soon, said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management.
The Bank of Canada is widely expected to announce a quarter of a percentage point hike Wednesday and then pause, while the Federal Reserve is also expected to be near the end of its cycle.