off-the-wire

TSX opens at record high as jobs data fuels rate cut bets

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens at record high as jobs data fuels rate cut bets teaser image

Sept 5 (Reuters) - Canada's main stock index opened at a record high on Friday after data showed that surprise job loss in August strengthened investor expectations for a potential interest-rate cut by the Bank of Canada later this month.

At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), was up 0.50% at 29,059.88 points.

Reporting by Sanchayaita Roy in Bengaluru; Editing by Shreya Biswas

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.