TSX Drops Over 1 Percent As Shopify Slides
Canadas main stock index fell over one percent as financials and Shopify shares declined amid seasonal market weakness. Investors grew cautious ahead of upcoming U.S. inflation data and a Federal Reserve meeting.
Xurve View
Insights:
Xurve View
Canada's main stock index fell 390.75 points, or 1.1%, to 36,123.05 on Tuesday evening as heavy financials and SHOPIFY INC - CLASS A shares retreated. The S&P/TSX Composite Index extended its pullback from a record closing high of 36,957.63 on August 25. Investors grew cautious amid a seasonally weak trading period.
