TSX Drops as Miners Fall and US Inflation Spurs Rates
Canada main stock index closed lower as falling metal prices dragged down mining stocks. Hot US inflation data also increased expectations for a Federal Reserve rate hike.
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Canada's main stock index fell 1.11% to 35,584.46 on Wednesday afternoon, driven down by falling metal prices and hot United States inflation data. The decline pushed the index away from a three-week peak reached earlier in the month. The drop reflects growing investor anxiety over imminent monetary tightening across North America.
