Canada’s main stock index continued its slide on Wednesday, recovering slightly after a decline in the previous session, despite coming with reaches of an intraday record high. The mining segment helped lead gains for the TSX, though the market was split with the financial sector at the head of the decline.
US stocks struggled following the dip in the S&P 500 that ended a three-day winning streak. The pullback was driven by concerns over the sustainability of the AI-driven rally that has fuelled the current bull market. Investors remain cautious ahead of key economic data releases, including jobless claims on Thursday and PCE inflation figures on Friday. Meanwhile, political tensions are rising as fears of a government shutdown grow. President Donald Trump canceled a scheduled meeting with Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, a discussion that might have helped prevent a shutdown before the September 30 deadline.
| TSX | 29,756.95 | -58.68 |  |
| TSXV | 915.12 | +2.27 |  |
| CSE | 168.10 | +2.24 | |
| DJIA | 46,121.28 | -171.50 | |
| NASDAQ | 22,497.86 | -75.62 | |
| S&P 500 | 6,637.97 | -18.95 | |
The Canadian dollar traded for 71.95 cents US compared to 72.21 cents US on Tuesday.
US crude futures traded US$1.40 higher at US$64.81 a barrel, and the Brent contract rose US$1.51 to US$69.14 a barrel.
The price of gold was down US$7.96 to US$3,732.36
In world markets, the Nikkei was up 136.65 points to ¥45,630.31, the Hang Seng was up 359.53 points to HK$26,518.65, the FTSE was up 27.11 points to ₤9,250.43, and the DAX was up 55.48 points to €23,666.81.
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