The last week of September brings another rocky day for Canada’s main stock index. The TSX broke its losing steak to five days. The index was weighed down by material stocks as metals prices struggled against a stronger dollar.
U.S. markets also sustained steep losses but closed marginally higher. The S&P 500 and NASDAQ Composite are headed for their worst month since December 2022. The S&P has fallen 1.5 per cent this month, on track for its second straight losing month. The tech-heavy NASDAQ is down 2.3 per cent in September. The Dow Jones Industrial Average is down by 0.99 per cent this month.
The Canadian dollar traded for 74.28 cents U.S., compared to 74.18 cents U.S. on Friday.
U.S. crude futures traded $0.12 lower at $89.91 a barrel, and the Brent contract rose $0.13 to $93.40 a barrel.
The price of gold was down US$9.20 to US$1,915.63.
In world markets, the Nikkei was up 276.21 points to 32,678.62, the Hang Seng was down 328.16 points to 17,729.29, the FTSE was down 59.92 points to 7, 7,623.99, and the DAX was down 151.80 points to 15,405.49.
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