The Canadian market ended lower on Wednesday as energy and materials shares reeled under selling pressure as oil and metal prices fell. Concerns about the outlook for interest rates weighed as well on sentiment.
TSX Ends At 3-week Low rttnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rttnews.com Daily Mail and Mail on Sunday newspapers.
The Canadian market recorded a fresh closing high on Tuesday, edging up slightly after stocks moved in a tight range. Data showing a slowdown in consumer price inflation raised hopes the central bank will soon start reducing interest rates.
The Canadian market, which opened on a weak note Wednesday morning, continues to languish in negative territory, weighed down by losses in materials and energy sectors due to lower commodity prices.
TSX Ends Lower As Resources Stocks Fall On Weak Commodity Prices rttnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rttnews.com Daily Mail and Mail on Sunday newspapers.