Man facing stock exchange, financial chart overlay

Canada’s main stock index set record highs Tuesday while U.S. markets were relatively flat ahead of an interest rate decision by the Federal Reserve.

The S&P/TSX composite index closed up 83.44 points to 16,834.75. That’s a record closing level after earlier reaching a record intraday peak of 16,855.45.

In New York, the Dow Jones industrial average was up 33.98 points at 27,110.80. The S&P 500 index was up 7.73 points at 3,005.69, while the Nasdaq composite was up 32.47 points at 8,186.02.

The Canadian dollar traded for an average of US75.43¢ compared with an average of US75.48¢ on Monday.

The October crude contract was down US$3.56 at US$59.34 per barrel and the October natural gas contract was down US1.3¢ at US$2.67 per mmBTU.

The December gold contract was up US$1.90 at US$1,513.40 an ounce and the December copper contract was down US1.35¢ at US$2.63 a pound.