S&P/TSX Composite Falls 0.83% to One-Week Low
Canada’s benchmark index fell 0.83% to 35,673 on Friday as rising oil prices and bond yields fueled inflation fears.
Canada’s benchmark stock index declined on Friday to a one-week low, with losses spread broadly across the market. Rising oil prices and bond yields stoked concerns that inflation could persist and US interest rates remain higher for longer. The S&P/TSX Composite Index TSX:TSX dropped 0.83% to 35,673.