Monday’s action saw the S&P 500 almost unchanged with a 0.1% gain while Toronto was down 0.6%.
Shopify was down 5.4%. It’s always a volatile stock.
Bond interest rates had declined somewhat as we entered September. But they have crept up since. The Bond market is not yet convinced that we have reached the end of the interest rate increases.
Tomorrow (Tuesday) we get the latest inflation numbers for Canada and on Wednesday the FED is expected to keep interest rates unchanged but the market will be looking for clues as to whether it thinks it will need to raise again before this cycle of increases is over.