TORONTO — Canada’s main stock index ticked lower Thursday, weighed down by losses in the industrial sector, while U.S. markets were mixed. A better-than-expected U.S.
TORONTO — Canada’s main stock index ticked lower Thursday, weighed down by losses in the industrial sector, while U.S. markets were mixed.
A better-than-expected U.S. GDP report was helping the market lift a little for most of the day after Wednesday’s sell-off, said Kevin Headland, chief investment strategist at Manulife Investment Management
The U.S. economy accelerated last quarter to an annual pace of 2.8 per cent, picking up from 1.4 per cent growth during the first quarter of the year.
“I think the fear was the data was going to come in a little weaker than expected,” said Headland.
However, Wall Street sputtered to a mixed close Thursday, as big tech stocks continued to give back gains while recent laggards moved higher.
The Russell 2000…
