Toronto stocks drop as miners and energy stocks slide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Should l Buy ?
Source: Reuters
Market Performance: Canada's main stock index fell over 1% due to declines in materials and energy sectors, with the S&P/TSX composite index closing down 303.73 points at 23,042.45, marking its worst day since August 2.
Economic Outlook: Investors are anticipating a potential 25 basis point rate cut by the Bank of Canada amid sluggish economic growth signals from China and mixed manufacturing activity data in Canada.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
