The TSX closed the first trading session after Labour Day in the red, dropping 107 basis points, reflecting pessimism in technology, financial, industrial and telecom stocks, as an escalating tariff dispute between Canada and the United States threatens to sour long-term relations between the major trading partners.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
US stocks also closed modestly lower, reacting to climbing oil prices, as Iran and the US remain hostile to the idea of a resolution to their ongoing war, prompting worries about what the US Bureau of Labour Statistics will have to say in its Friday inflation report.
| TSX | 36,123.05 | -390.75 |  |
| TSXV | 959.64 | -5.76 | |
| CSE | 178.76 | -4.36 | |
| DJIA | 52,849.67 | -564.58 | |
| NASDAQ | 26,434.15 | -72.84 | |
| S&P 500 | 7,673.52 | −45.08 | |
The Canadian dollar traded for US$0.7254, up from US$0.7228 on Friday.
US crude futures traded US$1.76 higher to US$93.24 per barrel, while the Brent contract traded US$0.41 higher to US$98.33 per barrel.
The price of gold was down by US$64.20 to US$4,412.40 per ounce.
In world markets, the Nikkei gave back 1,130.52 points to 65,269.33, the Hang Seng gave back 95.94 points to 25,317.18, the FTSE gave back 10.47 points to 10,811.66, while the DAX added 1.1 points to 26,007.63.
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