Illustration of TSX Index reaching 30,000. (Source: Microsoft Copilot. Generated by AI)

Canada’s TSX index closed above the 30,000 mark on Tuesday, rebounding from a slow start on the day thanks to a steady rise in the gold price to more than US$3,850 per ounce, offsetting losses in oil stocks driven by OPEC+ commitments to increase production. The index briefly hit the milestone for the first time on September 23.

The Nasdaq and S&P 500 also closed higher, despite a looming government shutdown over budgetary disagreements slated for 12:01 am on Wednesday, potentially delaying economic data the U.S. Fed relies on to set interest rate policy.

TSX30,022.81+50.90TSX
TSXV947.84+5TSXV
CSE172.64 -3.96CSE
DJIA46,397.89+81.82DJIA
NASDAQ22,660.009+68.855NASDAQ
S&P 5006,688.46+27.25S&P 500

The Canadian dollar traded for US$0.7180, down from US$0.7185 on Monday.

U.S. crude futures traded US$0.94 lower to US$62.51 per barrel, while the Brent contract traded US$0.13 higher to US$66.16 per barrel.

The price of gold was up US$26.20 to US$3,881.40 per ounce.

In world markets, the Nikkei was down 111.12 points to 44,932.63, the Hang Seng was up 232.68 points to 26,855.56, the FTSE was up 50.59 points to 9,350.43, and the DAX was up 135.66 points to 23,880.72.

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