Osisko Gold's 15min chart triggered Bollinger Bands Narrowing, KDJ Death Cross warning.

Osisko Gold's 15-minute chart is exhibiting a narrowing of Bollinger Bands, coupled with a KDJ Death Cross on September 4, 2025 at 14:45. This indicates a decrease in the magnitude of stock price fluctuations, a shift in momentum towards the downside, and a potential for further decreases in the stock price.

The Canadian market experienced a positive start to Wednesday, driven by robust gains in consumer staples and materials sectors. The S&P/TSX Composite Index hit a new record high of 28,761.92 earlier in the session before closing at 28,703.63, up 87.61 points or 0.31% [1].

Consumer staples stocks, such as Alimentation Couche-Tard, The North West Company, Empire Company, Jamieson Wellness, Maple Leaf Foods, and Saputo, saw significant increases. Alimentation Couche-Tard was up nearly 7%, while The North West Company shares rose by nearly 2%. Other notable gains included Empire Company, Jamieson Wellness, Maple Leaf Foods, and Saputo, which saw increases ranging from 1% to 1.3% [1].

Materials stocks also performed well, with firm metal prices contributing to the sector's growth. First Quantum Minerals, a top gainer in the Materials Capped Index, saw a 5.6% increase. Capstone Mining Corp, Wesdome Gold Mines, Lundin Mining, Teck Resources, K-92 Mining, Osisko Gold Royalties, Ero Copper, Hudbay Minerals, G Mining Ventures, Lundin Gold, Kinross Gold Corp, Iamgold Corp, and SSR Mining all saw gains between 2% and 4% [1].

Technology stocks also contributed to the market's positivity, with Celestica Inc up more than 5%, and other stocks like Quarterhill, Descartes Systems Group, Constellation Software, and Lightspeed Commerce showing modest gains [1].

Energy stocks, however, were weak, with shares from companies like Baytex Energy Corp, Cenovus Energy, Vermilion Energy, Canadian Natural Resources, Imperial Oil, Whitecap Resources, and International Petroleum Corp down between 2% and 3.4% due to a drop in oil prices. Reports suggested that the OPEC+ group is considering raising its oil output at its upcoming meeting [1].

Great-West Lifeco announced an increase in its normal course issuer bid (NCIB), doubling the number of shares it can buy back this year. The company initially planned to repurchase up to 20 million shares but has now increased the limit to 40 million. The stock gained about 0.8% following this announcement [1].

Statistics Canada reported that labour productivity of Canadian businesses rose 0.2% in the first quarter of 2025, marking a second consecutive quarterly gain. This streak is the first since the COVID-19 pandemic [1].

The market's mood remains cautious, with investors awaiting crucial economic data, including jobs data from Canada and the U.S. later in the week.

References:
[1] https://www.nasdaq.com/articles/consumer-staples-materials-stocks-rise-tsx-hits-new-record-high