TORONTO – Canada’s main stock index posted a small loss Thursday as weakness in telecom and utilities stocks weighed on the market, while U.S. markets made gains.
The S&P/TSX composite index was down 49.54 points at 20,919.64.
In New York, the Dow Jones industrial average was up 48.97 points at 38,726.33. The S&P 500 index was up 2.85 points at 4,997.91, while the Nasdaq composite was up 37.07 points at 15,793.71.
This week has been quieter on the news front compared with last week, when U.S. Federal Reserve chairman Jerome Powell threw cold water on hopes for a rate cut in March, said Konstantin Boehmer, head of fixed income at Mackenzie Investments.
That’s still having an effect on markets today, he said.
If economic data continues to come in strong, rate expectations could continue to be…
