TSX Slips Ahead of Fed Rate Decision
Canadas main stock index fell as higher oil prices and surging bond yields fueled inflation concerns ahead of the Federal Reserves interest rate decision. Real estate and consumer discretionary stocks led sectoral losses.
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Canada's main stock index fell 0.67% to 35,464.37 points during Tuesday morning trading as surging bond yields and rising commodity costs fueled inflation worries. The downward shift comes ahead of the United States central bank's policy decision. Investors are weighing persistent macroeconomic pressures that could prompt further monetary tightening.
