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 tariff policies and a disappointing jobs report raised concerns about the overall health of the economy.
| TSX | 27,570.08 | +549.65 |  |
| TSXV | 783.68 | +22.19 | |
| CSE | 140.45 | +6.08 | |
| DJIA | 44,111.74 | -61.90 |  |
| NASDAQ | 20,916.55 | -137.90 | |
| S&P 500 | 6,299.19 | -30.75 | |
The Canadian dollar traded for 72.55 cents US compared to 72.48 cents US on Friday.
US crude futures traded $0.97 lower at US$65.32 a barrel, and the Brent contract lost $0.99 to US$67.77 a barrel.
The price of gold was up US$8.21 to US$3,381.26.
In world markets, the Nikkei was up 258.84 points to ¥40,549.54, the Hang Seng was up 169.08 points to HK$24,902.53, the FTSE was up 10.52 points to ₤9,138.82, and the DAX was up 88.38 points to €23,846.07.
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