TSX Slips at Open as US Inflation Fuels Fed Hike Bets
The S&P/TSX Composite Index opened down 0.45% at 35,820.77 after stronger-than-expected US inflation data for August bolstered expectations of a Federal Reserve rate hike later this month.
Canada’s benchmark stock index opened lower on Wednesday. Stronger-than-expected US inflation data in August increased expectations for a Federal Reserve rate hike later this month and weighed on risk sentiment. 77 points at 09:30 a…