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Stock market volatility picked up significantly in September, with the Dow Industrials experiencing triple-digit moves each day during the final week of the month, but the net result was not significant in terms of the monthly index moves. However, the ‘calm and quiet’ demeanour of investors over the past few quarters appears to have ended as we saw a huge difference in monthly returns between various sectors of the market. While the Dow Industrials were down only 0.3% in September, trading was more ‘selling intensive’ north of the border as the S&P/TSX Index lost 4.2%, pushed down by a 10% fall in the Energy sector and an 11.5% drop in the Basic Materials group. (more…)