TSX Edges Lower as Inflation and Bond Yields Weigh
The TSX composite index fell 0.1% as Canada's annual inflation rate rose to 2.8% in April. High bond yields and falling gold prices pressured mining stocks.
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Canada's S&P/TSX composite index fell 0.1% to 33,795.69 points during the morning on May 19. Higher-than-expected inflation and rising bond yields offset optimism from easing geopolitical tensions between the United States and Iran. Canadian annual inflation accelerated to 2.8% in April from 2.4% in March.
