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CANADA STOCKS-TSX opens lower as commodities slide after hot U.S. inflation data

CANADA STOCKS-TSX opens lower as commodities slide after hot U.S. inflation data

Reuters · 09/13/2022 09:33
CANADA STOCKS-TSX opens lower as commodities slide after hot U.S. inflation data

- Canada's main stock index opened lower on Tuesday as commodity-linked stocks fell on weak crude and gold prices after data showed monthly U.S. consumer prices unexpectedly rose in August, setting the stage for another aggressive rate hike from the Federal Reserve week.

At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 261.67 points, or 1.31%, at 19,725.56.


(Reporting by Aniruddha Ghosh in Bengaluru; Editing by Krishna Chandra Eluri)

((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))