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TSX opens lower as tech, materials stocks weigh after hot US inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens lower as tech, materials stocks weigh after hot US inflation data teaser image

April 10 (Reuters) - Canada's main stock index opened lower on Wednesday, dragged down by materials and technology stocks after a hot inflation report in the United States pushed back hopes of a June interest rate cut by the Federal Reserve in the run-up to the Bank of Canada's monetary policy decision.

At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), opens new tab was down 210.17 points, or 0.94%, at 22,151.61.

Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar

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