Canada’s S&P/TSX Composite closed lower, pulling back from recent gains. The index ended trading at 30,351.72, down approximately 180.16 points (-0.59 %).
The downturn came amid weakness in consumer cyclicals, technology, and energy sectors. Canadian stocks reflected broader North American sentiment, with U.S. markets in negative territory and commodities cooling off.
The Canadian dollar traded near $0.7168 U.S., marginally lower on the session.
Crude oil was slightly softer, and gold continued to rally, echoing themes seen in global markets.
ON BAYSTREET
The TSX Venture Exchange hiked 1.38 points to 991.36.
ON WALLSTREET
U.S. stocks snapped a seven-day winning streak, with the major indexes finishing lower across the board. The S&P 500 dropped 0.38 % to 6,714.59, while the Dow Jones Industrial Average fell by 91.99 points (0.20 %) to 46,602.98. The Nasdaq Composite led losses with a slide of 0.67 % to 22,788.36.
Investors cited the blackout in economic data caused by the U.S. government shutdown—now in its seventh day—as a headwind for decision making. A consumer expectations survey from the New York Fed, showing weakening forward expectations and rising inflation forecasts, also added to the cautious tone.
Tesla shares were under particularly heavy pressure after the company revealed lower-priced versions of its Model Y and 3. The stock fell more than 4 %, dragging on broader market sentiment.
Meanwhile, gold futures made headlines, climbing past $4,000/oz for the first time, as investors sought shelter from uncertainty.
