US EditionS&P/TSX composite starts the week on the rise while U.S. markets fall
- Canada's main stock index, the S&P/TSX composite, rose by 549.65 points to 27,570.08 after being closed Monday for a holiday, showing a two percent increase as reported by The Canadian Press.
- While Canada's market gained, U.S. markets fell due to concerns over a slowing economy; the Dow Jones was down 61.90 points at 44,111.74 according to the report.
- Sadiq Adatia from BMO Global Asset Management indicated that Canadian markets are 'playing a little catch up from yesterday's rally in the market.'
- Adatia noted that potential U.S. rate cuts might lead to more Canadian cuts, indicating that 'if the Fed is looking at rate cuts, the Bank of Canada's got to be doing the same thing.
22 Articles
22 Articles
burlingtontoday.com
S&P/TSX composite starts trading week on the rise while U.S. markets fall
TORONTO — Canada's main stock index started the trading week with a two per cent jump Tuesday as the market caught up to a Monday rally in the U.S. that was already fading a day later. The S&P/TSX composite index rose 549.65 points to 27,570.
Winnipeg Free Press
S&P/TSX composite starts the week on the rise while U.S. markets fall
Breaking News, Sports, Manitoba, Canada
@ the Bell: Investor optimism lifts markets despite mixed economic signals
Coming off a summer long weekend, Canada’s main stock index rallied on Tuesday, driven by growing expectations that the US Federal Reserve may cut interest rates in September. Gains on the TSX were led by the tech and industrials sectors, pushing it within fingertips of it all-time intraday highs. US markets slid following the rebound from the previous session on Wall Street. Investors reacted to a fresh round of corporate earnings, while new ta…
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