Traders have taken a step back after markets on the TSX rallied over the week because of the U.S. interest rate cut.
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Canadian stock indices rallied on Monday to bring the TSX to a higher close after a few lacklustre performances
Traders have taken a step back after markets on the TSX rallied over the week because of the U.S. interest rate cut.
After rallying to record-high levels this month on domestic and U.S. interest-rate cuts, Canada's main stock index fell on Wednesday.
U.S. stock markets rallied sharply higher on Thursday after the Fed cut the benchmark lending rate by 50-basis point a day before.
While the energy sector was the chief gainer on the TSX, the tech sector saw the biggest drop. Canada’s main stock index kept mostly flat.
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Canada’s main stock index came out of the long weekend in a similar position to where it entered with minimal gains for the TSX.
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Gold prices continued to march beyond record highs. This was good news for the mining sector, which led the gains on the TSX.