It was a tepid start to the week as the TSX Index struggled to gain any positive moment on Monday. The Index dropped by 32.49 points (0.19%) despite the fact that oil and gold posted positive daily gains. What should we make of this moving forward?
The TSX Index continued its strong September showing as the S&P/TSX Composite Index jumped 0.5% last week. As we enter the last week of the quarter, there are no macro events but a couple of earnings announcements that may be of interest to investors.
The TSX hit record highs yet again to close out this weeks trading and Canadian investors who’ve bought into the materials or energy sector, particularly junior energy companies, have reaped the rewards thus far.