Canadian stocks edge lower as Fed decision meets crude oil drop
Canadian stocks edged lower as investors weighed the U.S. Federal Reserve’s interest rate hike against a sharp decline in crude oil prices, while the Middle East crisis deepens.
S. Federal Reserve's announced interest rate hike against the sharp drop in crude oil prices, even as the Middle East crisis deepened. After opening above the previous day's close, the benchmark index later gave back gains as markets continued to assess the Fed move and weaker oil.