The Toronto Stock Exchange is declining, the American markets in dispersed order

(Toronto) The Toronto Stock Exchange closed Tuesday’s session on a loss of 0.35 %, while the large American indices ended in dispersed order.

Kathrin Forrest, head of equity investments at Capital Group, observes that the markets have displayed results in dispersed order in different regions and different sectors.

“I would say that the overall vigor of the market has moved to more defensive sectors, in particular real estate, public services, basic necessities and health care. Real estate and public services have benefited from a certain momentum thanks to the slight decrease in yields on the whole curve, given the generally stronger sensitivity of these sectors to interest rates, “she explains about the sectoral performance on the US markets.

She notes that health care was another sector up in the US markets, unlike the actions of information and communications technology that fell.

M^me Forrest indicates that it has observed a similar situation on the Canadian reference index.

“The most lagging behind in Canada were information materials and technologies. The Gold Sub-Sector has experienced a notable decline in that of materials, ”she specifies.

M^me Forrest adds that the technological sector also fell on Tuesday.

“By taking a step back and observing the market today, it reminds us that you should not be carried out too much by recent trends, but rather focus on companies that are well placed to create long-term value for shareholders,” she says.

The S & P/TSX compound index of the Toronto prosecutor’s office left 98.97 points to finish the session with 27,823.88 points.

In New York, the average Dow Jones of industrial values took 10.45 points, or 0.02 %, at 44,922.27 points, while the enlarged S&P 500 index abandoned 37.78 points, or 0.59 %, to 6411.37 points. The index composed of the NASDAQ for its part depreciated by 314.82 points, or 1.46 %, to 21,314.95 points.

In Canada, investors have analyzed the latest inflation figures and thought about the potential impact they may have on loan costs.

Economists claim to have found encouraging signs in the latest inflation figures, but some warn that Canada Bank may need to be a little more convinced to reduce its key interest rate next month.

According to Statistics Canada, inflation fell to 1.7 % on an annual basis in July, against 1.9 % the previous month.

“And although fundamental measures continue to turn around 3 % in annual shift, which corresponds to the upper limit of the target range of 1 to 3 % set by the bank for inflation, this was enough to strengthen market expectations as to a drop in guiding rates by the Bank of Canada”, analyzes M^me Forrest.

She adds that the market was tabling about a probability of approximately 36 % drop in rates by the Banque de Canada in September.

At the same time, Air Canada’s actions progressed slightly after the announcement of a provisional agreement with the union representing its on -board agents to end a strike that started on Saturday morning.

Loblaw won 1.84 % the day after the announcement of the fractionation by four of its ordinary actions.

The company said it was carrying out this splitting in order to guarantee that its ordinary shares remain accessible to private investors and employees participating in its employee shareholding plan.

On the currency market, the Canadian dollar has been negotiated during the means of 72.19 Cents US, down compared to that of 72.42 cents US on Monday.

On the New York Raw Material Stock Exchange, the price of crude oil, for delivery in October, lost 93 cents US at US $ 61.77 per barrel.

The price of gold, for delivery in December, fell from US $ 19.30 to US $ 3,358.70 per Once.

– With information from Craig Lord in Ottawa, Sammy Hudes in Toronto and the Associated Press.