TSX drops from peak on US inflation data
Canadas main stock index fell sharply from a three-week high as hot US inflation data raised expectations of a Federal Reserve rate hike. Mining and financial stocks led the declines while higher oil prices limited losses.
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Canada's main stock index fell 0.94% to 35,648.22 points on Wednesday morning, pulling back sharply from a three-week high. The decline followed hot inflation data from the United States that increased expectations for a Federal Reserve rate hike.
