TSX reaches record high while U.S. markets flat ahead of Fed rate decision

The S&P/TSX composite index closed up 83.44 points to 16,834.75. That's a record closing level after earlier reaching a record intraday peak of 16,855.45.

The December gold contract was up US$1.90 at US$1,513.40 an ounce and the December copper contract was down 1.35 cents at US$2.63 a pound. The health care sector was also weaker as CannTrust Holdings Inc. lost 14.6 per cent after announcing that it received a notice of licence suspension from Health Canada, which has been investigating the cannabis company for allegedly cultivating pot in unlicensed rooms.

Chopra said investors were taking a wait-and-see approach pending the U.S. central bank's interest rate decision Wednesday. While rates are largely expected to be cut by another 25 basis points, investors will be examining the Fed's language for any hint of future rate cuts because of data pointing to a still healthy U.S. economy.

Source: Financial Digest (financialdigest.net)

WooHoo... TSX is up 2.9% since Jan 1 2018 !!! SunnyWays 🐓liberal_party keeping those investments rocking. That’s right folks you made 0(Zero) on the TSX if you count inflation. ChooseForward ChooseCorruption 🦄🖍

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