The Canadian stock market rollercoaster continued on Wednesday as mixed corporate results, fluctuating commodity prices, and conflicting signals from the Fed’s meeting minutes kept investors cautious. After falling by more than 200 points in intraday trading, the S&P/TSX Composite Index recovered later in the volatile session to settle at 25,626 with a minor 33-point decline.
On the one hand, financials and technology stocks fell amid concerns over interest rates and future economic growth. On the other hand, strength in other key sectors like healthcare, consumer, and utilities helped limit broader market losses.
In its latest meeting, the Fed signalled rate cuts may come later than expected, emphasizing the need for more inflation progress before adjusting policy. The minutes also highlighted concerns that potential trade policy changes, including tariffs, could add upward pressure on inflation as businesses look to pass on…
