TORONTO — Canada’s main stock index finished higher on Tuesday, as gains in basic materials offset broader losses, while U.S. markets fell on the start of a historically weak month for equity markets.
TORONTO — Canada’s main stock index finished higher on Tuesday, as gains in basic materials offset broader losses, while U.S. markets fell on the start of a historically weak month for equity markets.
Philip Petursson, chief investment strategist at IG Wealth Management, said Tuesday’s trading session seemed like a “classic September swoon.”
“We’ve noted as well as so many others that September historically is the weakest month of the year for the S&P 500. You have a higher probability of downside, and it’s almost as if it’s becoming a self-fulfilling prophecy,” he said.
“We say it enough that people believe it, and then all of a sudden it gets priced into the market as soon as September starts.”
Overall,…
