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Canadian stocks dipped post-record highs amid profit-taking, tech sell-offs, and economic uncertainty.
Canada’s TSX Composite closed at 29,815.63, ending a record streak as investors took profits, despite earlier intraday highs near 30,033. Gold miners rose on record gold prices above $3,790 an ounce, while energy stocks gained with oil at $63.60 a barrel. Tech stocks fell, dragging down the NASDAQ, amid concerns about the AI rally’s sustainability. Shopify declined, and the Canadian dollar weakened to 72.25 U.S. cents. Housing prices dropped 0.3% in August, and Treasury yields dipped to 4.11% amid looming U.S. government shutdown risks.
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