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2025.09.2213:41:05UTC+00TSX Loosely Holds Record High

On Monday, the S&P/TSX Composite Index saw a slight increase, trading above 29,770, maintaining proximity to its record peak following its seventh consecutive weekly gain. This positive trend was largely attributed to a 25 basis point rate cut by the Bank of Canada, designed to bolster the domestic economy. Leading the upward movement were major mining companies, with Barrick Mining taking the forefront by climbing over 4% amid rising bullion prices. In contrast, the financial, tech, and energy sectors experienced declines, curbing the exchange’s momentum as the week commenced. In terms of economic data, Statistics Canada reported that the Industrial Product Price Index rose by 4.0% year-on-year in August, while the Raw Materials Price Index increased by 3.2% year-on-year. These figures highlight ongoing cost pressures for producers.

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