The Canadian dollar firmed to its strongest level in two weeks even as broad selling pulled the TSX to a five-week low, with the S&P 500 and Nasdaq falling the same session and confirming the pressure was not Canada-specific. Gold fell roughly 5% from its late-August peak, an unusual retreat given the escalating Middle East conflict that would typically support the metal as a hedge. Energy weight provided some offsetting support to the index that the rest of the market did not share.
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