Canada’s main stock index ended lower on Thursday as investors continued to chew on the latest interest rate announcement out of the U.S. and the ripple effects of the Israel-Iran conflict. The S&P/TSX composite index was down 53.
Canada’s main stock index ended lower on Thursday as investors continued to chew on the latest interest rate announcement out of the U.S. and the ripple effects of the Israel-Iran conflict.
The S&P/TSX composite index was down 53.85 points at 26,506.00. U.S. stock and commodities markets are closed for the Juneteenth holiday.
On Wednesday, the U.S. Federal Reserve opted to keep its key interest rate unchanged as it tallies up the impact of U.S. President Donald Trump’s tariffs. Fed policy-makers signalled they still expect to cut rates twice this year.
“They’ve given themselves full flexibility really to react however they would like,” said Tamsin Wilding, principal and portfolio manager of fixed…
