TORONTO — Canada's main stock index moved lower Tuesday after the latest report on inflation showed price growth easing, while U.S. markets were also lower. The S&P/TSX composite index closed down 78.95 points at 23,037.44.
TORONTO — Canada's main stock index moved lower Tuesday after the latest report on inflation showed price growth easing, while U.S. markets were also lower.In New York, the Dow Jones industrial average was down 61.56 points at 40,834.97. The S&P 500 index was down 11.13 points at 5,597.12, while the Nasdaq composite was down 59.83 points at 17,816.94.
“I think after the strong move that we’ve seen in markets, people are just taking a breather to wait and see,” said Marks. “I think there is a thesis that moving 50 would be a recognition that they're late to cut interest rates. So 25 basis points may actually put more calm in the market,” she said.
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