1 month ago

TSX Hits Record High Led by Tech

TSX Hits Record High Led by Tech
TSX hits record high, led by tech and financial shares · livemint.com

The TSX, Canada's main stock index, reached a new record high on Tuesday.

This happened because investors moved their money from semiconductor stocks to tech and financial stocks.

Tech stocks, like Celestica and Constellation Software, did really well, while the materials sector, which includes gold mining, did not do as well.

Investors are now waiting for a decision from the Federal Reserve about interest rates, which could affect the market.

Key facts

TSX Composite Index
35,749.70
Tech Sector Gain
5.1%
Financial Sector Gain
1.1%
Materials Sector Loss
1.6%
Celestica Stock Gain
9.5%
Constellation Software Gain
6.4%
Federal Reserve Decision
Awaiting interest rate decision

Quotes

Michael Dehal

Senior portfolio manager at Dehal Investment Partners at Raymond James

“The Fed meeting tomorrow could probably dictate where we go from here,”
livemint.com
“It's more of a rotation in the market,”
livemint.com

Sources

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