TORONTO — Canada's main stock index declined Thursday, led by losses in utilities, base metals and telecom, while U.S. markets also fell after the latest report on inflation south of the border. Headline inflation in the U.S.
TORONTO — Canada's main stock index declined Thursday, led by losses in utilities, base metals and telecom, while U.S. markets also fell after the latest report on inflation south of the border.
That figure, which excludes food and fuel, was in line with expectations as it continued to decelerate, he said. Core prices were up 4.1 per cent from a year earlier, the smallest increase in two years, compared with a 4.3 per cent increase in August. Ten-year bond yields crept back up throughout the day after the inflation release, said Chong, after having eased somewhat earlier in the week. Equities, meanwhile, were mixed but relatively flat before selling off in the afternoon.In New York, the Dow Jones industrial average was down 173.73 points at 33,631.14. The S&P 500 index was down 27.34 points at 4,349.61,while the Nasdaq composite was down 85.46 points at 13,574.22.
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