Toronto stocks drop as miners and energy stocks slide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
0mins
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.
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.
