Canada’s main stock index ticked higher Thursday thanks to higher commodity prices, even as fresh inflation data south of the border caused U.S. markets to fall back from the previous day’s record highs.
The S&P/TSX composite index closed up 77.36 points at 24,302.26.
That came in contrast to New York, where the Dow Jones industrial average was down 57.88 points at 42,454.12 after setting an all-time high in Wednesday trading. The S&P 500 index was down 11.99 points at 5,780.05, after also setting a new record the day before, while the Nasdaq composite was down 9.57 points at 18,282.05.
U.S. markets fell on the back of the latest consumer price index report, which showed U.S. inflation coming in slightly higher than expected in September.
Stock markets have been benefiting in recent weeks from investor enthusiasm about future interest rate cuts by the U.S. Federal Reserve. But Thursday’s report showing inflation may still be too hot…
