Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 12 - Canada's main stock index was little changed on Tuesday, as gains in energy stocks were offset by losses in the healthcare sector, while markets remained cautious ahead of U.S. inflation data.
Heavyweight energy sector climbed 1.6% as U.S. crude prices were up 1.9% a barrel, while Brent crude added 1.6%. "The backdrop for energy remains quite constructive, at least in the near term, as the supply-demand balance is quite favorable," said Mike Archibald, portfolio manager at AGF Investments.
The healthcare sector had its worst day in nearly three weeks, dropping 2.9%, leading sectoral declines.Markets await U.S. consumer price inflation data on Wednesday that could provide clues to the path ahead for the Federal Reserve's interest rates.
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