TORONTO — Canada’s main stock index moved lower Tuesday after the latest report on inflation showed price growth easing, while U.S. markets were also lower.
The S&P/TSX composite index closed down 78.95 points at 23,037.44.
In New York, the Dow Jones industrial average was down 61.56 points at 40,834.97. The S&P 500 index was down 11.13 points at 5,597.12, while the Nasdaq composite was down 59.83 points at 17,816.94.
Markets took a pause Tuesday to consolidate after eight straight winning days, said Lesley Marks, chief investment officer of equity at Mackenzie Investments.
She said the market is a little bit cautious ahead of this weekend’s annual symposium in Jackson Hole, Wyo. Investors are wondering what U.S. Federal Reserve chair Jerome Powell will have to say.
“I think after the strong move that we’ve seen in markets, people are just taking a breather to wait and see,” said Marks.
Investors will be listening for hints on…
