TORONTO — Canada’s main stock index finished lower on Thursday, weighed down by losses in the technology sector, while U.S. markets were mostly flat as markets digested U.S. wholesale inflation data.
Michael Greenberg, portfolio manager for Franklin Templeton Investment Solutions, said much of the market movements came from the recently released macroeconomic data out of the U.S.
“I think it all stemmed really from the earlier report on PPI inflation that obviously came in a bit hotter than expected and I think the market and market participants are really trying to figure out, what is the effect of tariffs going to be on inflation and then who’s going to end up having to pay for that?” he said.
“Is it going to be more of the consumer, is it going to be more corporates and of course, if it’s more corporates, that could have implications for margins and earnings and could create some volatility, especially with…
