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2025.09.1113:36:01UTC+00TSX Looks at Fresh Record Highs

The S&P/TSX Composite Index advanced by 0.2%, breaking the 29,200 threshold for the first time on Thursday. This upward movement was driven by softer US Consumer Price Index (CPI) data and increasing indications of weakening in the labor market, influencing investor perspectives. Early September saw jobless claims reach their highest point in nearly four years, further echoing recent downcast payroll reports and revisions, highlighting a shift in the market after a period of resilience against heightened interest rates. Rate futures now project 75 basis points in interest rate cuts by the Federal Reserve for this year, suggesting a reduction at each of the three upcoming Federal Open Market Committee (FOMC) meetings beginning next week. Gains in technology and financial sectors balanced out the downward pressure from commodity producers as both oil and gold prices fell.

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