off-the-wire

TSX opens lower as energy stocks slide; inflation drop fuels rate cut hopes

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens lower as energy stocks slide; inflation drop fuels rate cut hopes teaser image

Oct 15 (Reuters) - Canada's main stock index opened lower on Tuesday, hurt by energy stocks, while a larger-than-expected drop in domestic annual inflation raised expectations for an outsized interest rate cut by the Bank of Canada next week.

At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), was down 60.05 points, or 0.25%, at 24,411.12.

Reporting by Nikhil Sharma in Bengaluru; Editing by Vijay Kishore

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