off-the-wire

TSX opens lower after inflation data tempers rate cut expectations

Kitco Media
By Reuters
Published:
Updated:
Reuters
TSX opens lower after inflation data tempers rate cut expectations teaser image

Oct 21 (Reuters) - Canada's main stock index opened lower on Tuesday, with the materials sector leading the decline, after hotter-than-expected inflation figures prompted investors to scale back bets for an interest rate cut at the Bank of Canada's upcoming meeting.

At 9:30 a.m. ET (1330 GMT), Toronto's S&P/TSX composite index (.GSPTSE), opens new tab was down 1.2% at 30,070.35 points.

Reporting by Ragini Mathur in Bengaluru; Editing by Vijay Kishore

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