TSX Slips to One-Week Low on Inflation Fears

Canada's main stock index fell to a one-week low as rising oil prices and bond yields stoked inflation fears. Broad losses hit multiple sectors while energy stocks gained.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index fell 0.83% to 35,673.55 points during Friday morning trade, hitting a one-week low. The broad-based pullback follows rising energy costs and bond yields that heightened inflation concerns across North America. Investors are adjusting portfolios as central banks weigh policy paths.

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