Canada: TSX Sets Fresh Record High.

The S&P/TSX Composite rose 0.5% to close at a fresh record of 29,431 on Monday, as investors awaited policy decisions from North America’s major central banks. Most major sectors traded firmly in the green with the rate-sensitive tech sector leading the way as mega-cap Shopify rose 2.6%, followed by financial powerhouse Brookfield adding 1.9%, and energy producing giant Canadian Natural Resources gaining 2.2%. Markets are pricing a 25 basis point cut from the Bank of Canada on Wednesday amid signs of a weakening labour market and softer economic activity, with another reduction expected next quarter. The Federal Reserve is also fully priced for a 25 basis point cut at its upcoming meeting, with a small chance of a larger move, and traders broadly expect additional easing through year end.