AI generated stock image.
(Stock image generated with AI.)

A major drop in tech and industrial shares caused Canada’s main stock index to lose ground on Tuesday, following a surge in gold mining stocks that pushed the TSX to a new record high the previous day.

Meanwhile, US markets also sunk as investors weighed the risks associated with record-high valuations, cutting the S&P 500 record high run short. Japanese markets were closed for the Autumn Equinox.

TSX29,815.63-143.35TSX
TSXV912.85-9.48TSXV
CSE165.86+2.86CSE
DJIA46,292.78-88.76DJIA
NASDAQ22,573.47-215.50NASDAQ
S&P 5006,656.92 -36.83S&P 500

The Canadian dollar traded for 72.21 cents US compared to 72.30 cents US on Monday.

US crude futures traded US$1.24 higher at US$63.52 a barrel, and the Brent contract rose US$1.15 to US$67.72 a barrel.

The price of gold was up US$45.65 to US$3,785.95.

In world markets, the Nikkei remained at ¥45,493.66, the Hang Seng was down 185.02 points to HK$26,159.12, the FTSE was down 3.36 points to ₤9,223.32, and the DAX was up 84.28 points to €23,611.33.


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