Canada’s main stock index lost 1.2 per cent on Thursday, weighed down by losses in the energy, financial and base metal sectors, while U.S. markets were mixed.
The S&P/TSX composite index closed down 263.44 points at 21,698.11.
In New York, the Dow Jones industrial average was down 65.11 points at 38,647.10. The S&P 500 index was up 12.71 points at 5,433.74, while the Nasdaq composite was up 59.13 points at 17,667.56.
On Thursday, a report on U.S. wholesale inflation came in weaker than expected, one day after consumer inflation for May was also lower than forecast.
The economic data puts a second interest rate cut in the U.S. this year back on the table, said Allan Small, senior investment adviser at iA Private Wealth.
Wednesday, on the heels of the CPI report, the U.S. Federal Reserve held its key rate steady and released a hawkish forecast of just one cut this year.
