off-the-wire

TSX opens lower as US inflation data dims Fed rate cut hopes

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens lower as US inflation data dims Fed rate cut hopes teaser image

Feb 12 (Reuters) - Canada's main stock index opened lower on Wednesday, hurt by industrial stocks, after a key U.S. inflation report slashed expectations of interest rate cuts by the Federal Reserve this year.

At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), was down 0.64% at 25466.82.

Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.