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TSX keeps momentum going, or falls short?

Day Trading, Market Summary
05 September 2023 16:56 (EST)

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Markets throughout North America returned to action following the Labour Day holiday. Futures in Canada’s main stock index waivered among shifting commodity prices. Energy was the top performing sector on the TSX. The CSE scored another solid day. Traders brace for the Bank of Canada’s interest rate decision slated later this week.

The month of September could be a tough one for investors, as it has typically been the weakest month for equities. The US Federal Reserve meets to announce its interest rate decision in two weeks. Investors will spend the time until then to assess a series of economic reports—including fresh inflation data.

Today in the Markets

TSX20,413.76-131.60
TSXV594.51+2.99
CSE193.47+16.79
DJIA34,641.97-195.74
NASDAQ14,020.95-10.86
S&P 5004,498.38-17.39

The Canadian dollar traded for cents 73.31 US, compared to 73.54 cents US on Friday.

US crude futures traded $1.18 higher at $86.73 a barrel, and the Brent contract added $1.03 to $90.03 a barrel.

The price of gold was down US$11.58 to US$1,926.17.

In world markets, the Nikkei was up 97.58 points to 33,036.76, the Hang Seng was down 387.25 points to 18,456.91, the FTSE was down 14.83 points to 7,437.93, and the DAX was down 53.14 points to 15,771.71.

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