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Canadian Market Down Firmly In Negative Territory; Tech, Materials Stocks Decline

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

The Canadian market was down firmly in negative territory around mid-afternoon on Tuesday, weighed down by sharp losses in materials and technology sectors. Energy stocks are up with strong gains, riding on higher oil prices amid the ongoing conflict in the Middle East.

Investors also looked ahead to the monetary policy announcements from the Bank of Canada and the Federal Reserve, due on Wednesday.

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Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.