TSX Muted After Bank of Canada Rate Hike
Canada's main stock index remained little changed as the central bank raised its benchmark interest rate by 25 basis points. Mining and real estate sectors fell while energy and technology gains cushioned losses.
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Canada's main stock index fell 0.08% to 836,142.86 points during Wednesday morning trading. The benchmark slipped as the central bank delivered its first interest-rate hike in over three years, while mining losses weighed on the materials sector. The measured policy shift signals potential relief for borrowers if inflation pressures subside.
