North American stock markets fall to end losing week amid mounting concerns
TORONTO —
North American stock markets fell to end a losing week as mounting concerns over the global economy gave investors pause.
Markets moved higher over the past few months, even without much news to drive the gain.
“Now it seems like maybe some seasonal factors (were) at play, it seems like the path of least resistance at least the last four days on really not a whole lot of news … seems to be down,” said Allan Small, senior investment adviser at IA Private Wealth.
“People are asking if strong numbers, including corporate earnings, from a month ago are as good as it gets? Is COVID-19 going to play a factor going forward with higher infections causing some businesses to struggle?”
“The market is asking those questions and not excited about what they see at the moment,” he said in an interview. “September is usually a difficult month and I think investors are looking for an excuse to…
