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The TSX shed 0.3% to close at 35,491 on Wednesday following the US Fed’s widely expected decision to raise its benchmark rate by 25 bps to a 3.75%-4% range. Major banks were mostly lower, with RBC down 0.5%. Gold prices fell following the FOMC decision. Miners also traded mostly lower, with WPM erasing earlier gains to
Canada’s S&P/TSX Composite closed lower on Friday, falling 0.33% to 36,513.80 as material and oil stocks declined. Stronger-than-expected U.S. jobs data boosted bets on a Federal Reserve interest-rate hike this month.
The S&P/TSX Composite Index fell 0.3% to close at 36,514 after Canada’s employment declined by 41,700 in August and US payrolls rose about three times the estimate.