TORONTO — Canada’s main stock index eked out a gain Tuesday after a new report on inflation surprised to the downside, while U.S. markets rose ahead of Wednesday’s interest rate announcement. The S&P/TSX composite index was up 23.
TORONTO — Canada’s main stock index eked out a gain Tuesday after a new report on inflation surprised to the downside, while U.S. markets rose ahead of Wednesday’s interest rate announcement.
The S&P/TSX composite index was up 23.40 points at 21,860.58.
In New York, the Dow Jones industrial average was up 320.33 points at 39,110.76. The S&P 500 index was up 29.09 points at 5,178.51, while the Nasdaq composite was up 63.34 points at 16,166.79.
Inflation dipped to 2.8 per cent in February, according to Statistics Canada, with major contributors to the downward shift including cellular and internet services, and groceries. The decrease came despite a year-over-year increase in gas prices.
The…
