Toronto stocks slip on Fed remarks and GDP data
Canada's main stock index edged lower as Federal Reserve remarks kept rate hike expectations alive. Meanwhile, second quarter GDP growth reached its fastest pace since 2023.
Xurve View
Insights:
Xurve View
Canada's main stock index slipped 0.4% on Friday morning as investors weighed strong second-quarter GDP growth against remarks from Federal Reserve Chair Kevin Warsh. The modest pullback follows a record run driven by domestic demand and robust export growth. Markets are now recalibrating interest rate expectations across North America.
