TSX opens lower on US inflation and geopolitical tension

The Toronto Stock Exchange opened lower on Tuesday as hot U.S. inflation data and Middle East tensions weighed on sentiment. The index fell 0.07 percent.

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Canada's S&P/TSX composite index fell 0.07% to 34,113.67 points during the morning on May 12. U.S. inflation came in hotter than expected, and hopes for a U.S.-Iran peace deal faded. Investors are reassessing risk as geopolitical tensions and domestic price pressures persist.

Inflation and Geopolitics Weigh on Equities

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